IF S&L are even selling any today to absorb converted warrants.. just be glad it hasn't been 2 mil shares dumped already this AM.. (if that is indeed the m.o. here)
IF they have stepped up the number of warrants they are converting to more than the 2 mil/mo, IMO this would be a good thing... as long as it is done in an orderly fashion, and doesn't erode ps too much... (Mr Pohl?)
This is the result of Giff's 'deal with the devil' in order to keep the lights on post bubble burst/9-11...
purgatory.....
jmo