RE: 590000 traded today!!!Your numbers are wrong but your point is still valid. The Gennum shares that Tomlinson donated were about 11% of the total shares outstanding.That makes the number of shares McGill has at about 4,000,000. I'm not sure where the $60million US$ came from, but I think that's the error, it should be Cdn $.
Anyway there is still a substantial overhang even after todays action. If its McGill they'll have to file an insider report (>10% rule). What is more interesting is who the buyer is and what their plans may be.