Yep, S&L has a large control of events to come, and will have for the foreseeable future. Are they stupid? Have they assured that they've prospered? And when the warrants are gone (i.e., their apparent incentive to be selling - in OUR best interest, I might add), what will THEY be most interested in? Will that interest be in any conflict with OUR interest?
I continue to argue that S&L is more our friend than our enemy - from here on out. No matter what (company, country, household, whatever), somebody is in control, or more than one but with a common interest. I am not distressed about S&L being in control, or having a major influence. First, it's justified by their share holdings/percentage of ownership. Second, it's fairly obvious that they have a clue about what they are doing.
Some may disagree. PR, or lack thereof, is a good example. There are those that believe that a PR push right now is a great idea. I think not, as long as S&L has the objective of getting rid of warrants (and again, this is more in OUR best interest than theirs, IMO).
Ease suggests that S&L is dumping (?) right now to hedge their Markman bet. While I wouldn't call it "dumping" (to me "dumping" would be them selling 20-50% of their holding, in a hurry), I acknowledge that it is hedging their bet to a degree, but it's like killing two birds with one stone. Elimination of the warrants is in OUR best interest, and theirs - long term (actually, perhaps not far out). It also hedges their bet. Two birds. But it sure isn't "dumping", but a continued controlled sell-off into volume, with minimal day-to-day impact on PPS.
Enough from me on this.....
'Cuz I KNOW nuttin'!
SGE