RE: Joe has 5.6 Million shares to dumpIf it is Joe selling then he is just doing what any good investor does when they buy flow-through shares on a PP, I do it every year. You buy the flow-throught shares, get the tax crdeit and then sell it for what ever the market is....as long as you breakeven after taking the tax credit into consideration. At that point you are then sitting with all the warrants for ZERO cost and no cash tied up. After that you just sit and wait to exercise them once the price goes up. That is how people like Joe make money.
In the months ahead (when the warrants can be exercised) Joe will have 2 million warrants and he will drive the SP up to unload the warrants. Until then he does not want to see the stock make a run.