"We all know this news will make us go to $2 and we are not losing anything by Instinet selling here."

Actually we are losing because there are only a finite number of buyers in any given day and without this foolish selling, we would be in the 1.60s, most likely 1.70s by now because people would have to pay up.

Over 1 million shares traded already. Where do you think the SP would be already if instinet and friends didn't have that iceberg? So yes, you are losing likely thousands in potential gains today. Long term won't matter, but they are trying to mute the impact of this news release for today. The most important thing is they aren't gaining anything from their stupidity because this is going much higher.