I am still unhappy.

I want to buy more cheap shares!

There is just no pleasing some people, is there?

Just (1/4) kidding.

I have no idea how to figure out what % of Kodiak is retail.

Some very very rough and approximate figures:  We know from the insider reports that the Richardsons, if you consider fully diluted shares & options, have 20% at least (there may be lots more family out there than what we can see). Sprott has their 20% roughly.  National Bank, according to good sources, have held on to a goodly chunk, so let's say 15%.  I forget the name of the other hedge fund that bought in, but I figure approx 10% all added together there.  Other institutional (Cormark keeping?  funds?  family trust?) - guesstimate 15%.  Total non-retail 80%

Hey, I never did the math before.  I am shocked.  Your figure is not unreasonable.  It is extremely positive.  Scary.  I want more stock, and now I'll have to pay more for it. 

Other than that, the word I get is that the perception has remained "penny stock" among the big funds, so they don't touch it, but of course that is all likely to change.