...San has at least 14 million + warrannts at $ 2 .according to past news. The underwriters also exercised their overallotment option to purchase up to an additional 10,725,000 units for an additional $15,015,000 in gross proceeds to the company, . The institutions, since they do their own banking, can short these shares since they own them and go long against them. I guess as a private investor trading on line, we are out on this one. The longer San can hang on and prove up the drill, then the more share holders that wait will receive on a take out. Sans JV ( MMU ) on the strike point has more than one option in their pocket. San could take control of the neighbours, but on a take out would lose the Belt. Sans inter relations with Marum would allow them to control the rest of the Belt as they would be cash rich from a take out. Marums share float is tightly held as we can see that most financing raised in the last 3 yrs was from insiders. San still has the Timmins property that can become a stand alone company or join with Marum and WEL and have a power house of past producing mines.Traps7, long on the Greens