I need to clarify.. regarding my last post, I personally do not think Swartz is actually selling 500K shares per day.. and I do not believe he is out of shares... I do believe he has had and continues to have a large (neg) influence on our share price...
Just added them up... ~86.785 M shares traded in this time frame (very close, not exact to the share)
35.3 M S/L shares held as of 8-31-07
23.7 M S/L shares held as of 12-31-07
warrants done on 10-2-08 (assuming S/L's retail shares remained the same thru this time...)
11.6 M shares disposed of in that time frame (IF the above S/L share totals are in fact correct)
Then approx 13.37% of all shares traded were S/L's... BUT..
IF it is correct to assume that on the OTC you do have to divide by two to obtain actual shares traded, then that would make 26.7% of all shares traded in this time frame were S/L's!.... !!!
Now let's apply this to how many shares Swartz may have sold so far this yr... 26M PTSC shares traded in '08.. 26.7% of this amount is.. 6.94 M shares sold by Swartz IF he is selling at a continuous, steady rate...
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26.7% of all shares traded... Now combine his sells with those of fed up/uninformed/weak/scared retail holders and that is all IMO needed to trend us down... esp with PTSC's silent running.. esp if some believe they may be able to get back in here before a potential pre April Q climb..
jmo... ikn..
regards
