There's really no way to determine this for sure. Don't forget the 7 MM shares he was given for allowing us to buy back his warrants. (What a guy!) So, it's possible he had 45 MM shares at the time all of his warrants were retired. Given that number and the amount of time until the effective date of the 13-G, he has sold 21 MM shares, not the 14MM that would appear to have been sold.
It was fairly common knowledge that prior to the retirement of the warrants, S&L were simultaneously converting warrants and selling like shares to stay below the 9.9% threshhold.
Okay, a little math. 45 MM shares on Oct. 11th.
24 MM shares on Dec. 31st = 21 MM shares sold in 2.6 months = appx. 8 MM shares sold by S&L per month.
We are 1.5 months into the new year = another 12 MM shares presumably sold to date = 24 MM minus 12 MM = 12 MM shares left as of today.
At a consistent rate of dump he will be out of shares by April 1st !!!!!!!!!!!!!!!!!!!!
GLTA Longs....We deserve it!!!!!!!!!!!!!!