Some numbers, since July 1st to today:

• Over 20 million PTK shares have traded
• Of that, over 50% of the selling has been from Anonymous, National Bank and Canaccord, all houses known to be used by Pinetree in the past.
• We know Pinetree had about 11.7 million shares as of 4/16/2015. Let's assume they held 10 million shares as of 6/30/2015, as they have continued to pay down their debt.
• They hold 3.5 million September warrants.

Based on these numbers, their selling must be coming to a finish around now.

As mentioned earlier today, the turnaround will happen quicker than most people think. The whole scary "10 million warrant" overhang in September is actually 3.5 million, all held by Pinetree. Just look at Rainer's warrant spreadsheet numbers. The September warrants have been getting eaten up over the last 3 months, slowly but consistently.