Of Tang converting preferred to common? At marts 31. 3k preferred left to convert. Little more than 7 mio common share dillution. April 17th. 4.3 mio sharevolume alone. Lots of big trades included. From Friday 17.th til now: pretty solid volume still including those big trades. My guess is that there is not much left of the Tang overhang. Minimum half the overhang already dilluted. Maybe 2/3.
Sharecount marts 31: 31 mio shares. Sharecount now. My Guess 35-36 mio shares. That is only approx 5 % dillution to come. At this level things might start accelerating.
We might be pretty close to the bottom at this level. When dillution stops, pps might explode.