The Halcon S-3 filing:
"The stockholders named in the registration statement have informed Halcon that they have no current intention to sell the shares covered by the registration statement, which became effective upon filing."
The Company will not receive any proceeds from potential sales of the common stock by the stockholders".
Petro-Hunt Holdings, LLC
Common Stock Beneficially Owned Prior to the Offering = 103,741,278
Common Stock Being Offered Hereby = 103,741,278
Pillar Holdings, LLC
Common Stock Beneficially Owned Prior to the Offering = 5,059,715
Common Stock Being Offered Hereby = 5,059,715
CPP Investment Board PMI-2 Inc
Common Stock Beneficially Owned Prior to the Offering = 43,885,366
Common Stock Being Offered Hereby = 43,885,366
Bottom Line: The above listed "key insiders" filed a Shelf Registration Statement so they have the right to sell any or all of their Halcon holdings at any time. Also there is the convertible debt that becomes convertible into 64,371,000 common shares on February 8, 2014 at $4.50
That has created an 217,057,359 common share overhang on HK stock. Over the next 4 plus months these shares could all come to market. Plus the Canada Pension Plan Investment Board is offering 5,313,663 common shares per the S-3 filing.
The S-3 filing was not insignificant. The above listed "key insiders" are free to sell at will. Is there any wonder there's downward pressure on the stock price.