First off, there are a lot of preferred shares with extra voting rights. You need those shares to have any chance of a takeover. Those owners aren't selling.

And no way you can use the present pps to calculate anything. You might get a million shares to sell at the present price, maybe a million more if you add an extra cent, etc. I think you'll find that each extra penny buys fewer and fewer shares. Don't be fooled by the present volume and think that amount will be available every step of the way. It won't. To a great extent, those are just the same shares being sold over and over. Those trading shares will gradually disappear, especially as they disappear into the hands of longs intending to hold them to much higher prices- and that will happen as it becomes clearer where this company is going. Also remember that dilution will diminish and disappear as revenue ramps up- so that source of shares will also disappear. As I said before, I think you'll see shares for sale dry up very quickly once this one starts to roll.