I've been leaning in this direction for awhile now. Even being generous giving S/L 40 mil, Insiders 10 mil and SB-2 people 20 mil. that would be less than 20% as well. I know of no other than S/L with over 5% and none with 10% or more, so who is holding all the shares? And S/L and insiders aren't positioned to have doubled or even tripled their holdings as any retail holder who sold at 1.20 or 1.80 could . So yes, I do think retail can overtake within a year, if not now.

Problem I have with an open market accumulation theory is,...why? Non-open market is where those deals are normally done. Accredited investors don't need to be on the open market to buy S/L shares/warrants. Our insiders have often bought/sold non-open market and to me, it looks as the people listed in the SB-2 have as well. If you were to play match the number it looks like Hawk shares went to TPL. Good for both of them and didn't have to touch the open market.

First thought when it was posted that only Lincoln was listed as the holder of the shares, was that Swartz is going to become our new director with investment banking experience. Wouldn't that be a hoot.