RE: RE: RE: RE: RE: RE: seller When you look at that financing at 7 million units and then the entire monthly volume of about 2.5 million shares for June/11, someone was still holding a lot of shares. In the intervening time it seems to me that Canaccord has been a heavier seller relative to the market but has also been a buyer at times and probably still has a fairly sizeable position. I must confess I have not made a study of this however, and definately could not differeniate between transactions on behalf of clients vs those on their own behalf. In any event as you said before, it would seem an odd time to be exercising warrants.