RE: SellingI've seen Wolverton sell stocks that later went up.
I'm guessing, but I think that Wolverton takes a production-line approach -- take your private placement shares, or shares you accumulated at a lower price, and sell them quickly to make a small profit (usually) instead of gambling on drilling results. (You've got warrants for that.)
It appears to me that Wolverton and Canaccord and the other big PP brokers prefer to grind out safe smaller profits with one company after another rather than take any risks. I think of them as wholesalers, selling at the wholesale price and markup, while the small investors are the retailers that take the chance that they can sell much higher.