ES doesn't know what's in the Q (or at least he's not supposed to) and more importantly, he doesn't know how the market will react to the Q. The last Q confirmed that he has been steadily dumping his holding. He's already made a huge gain off of Patriot, if he sells at .50 he is making a great profit. He's simply been reducing his exposure and taking a great profit at the same time. He'll probably keep some "play money" in just in case Patriot takes off.