The large float. Some companies intentionally have a large float as a guard against potential hostile takeover.
Also, to the person suggesting that if 9 people held as many shares as S&L, they'd have more than have all shares and will have accomplished (in theory) a hostile takeover. No person or entity can hold more tha 5% without reporting same per SCE regs. So now how many people would have to be involved?
I hope one of the Js caves soon - this FUD is getting ridiculous IMO.
SGE