So he can accumulate more.

Ned's group

http://www.dundeewealth.com/en/public/aboutDundee_83.htm

has no problem stockpiling inventory. Almost like they enjoy the finger pointing and uncertainty as the smoke clears prior to the distribution period closing.

Pursuant to policy statements of the Ontario Securities Commission, the Underwriters may not, throughout the period of distribution, bid for or purchase Common Shares. The foregoing restriction is subject to exemptions, on the condition that the bid or purchase is not engaged in for the purpose of creating actual or apparent active trading in, or raising the price of, the Common Shares. The exceptions include a bid or purchase permitted under the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada relating to market stabilization and passive market-making activities and a bid or purchase made for and on behalf of a customer where the bid was not solicited during the period of distribution. Under the first-mentioned exception, in connection with this Offering, the Underwriters may over-allot or effect transactions which stabilize or maintain the market price of the Common Shares at levels other than those which might prevail in the open market. Those transactions, if commenced, may be discontinued at any time.

The lead underwriters are Dundee and BMO and you can bet price stability and market making are high on their to do list for obvious reasons.

http://funds.dfinvestments.eu/servlet/Page/document/support/dynamic/dynamic_funds/fund/?template=euro&id=68899&wrap=euro&lang=EN&universe=DYNEUROPE_FUNDS

Notice the % allocation

http://funds.dynamic.ca/fundprofile.aspx?f=H6F7&lang=EN&s=A&c=CDN

http://funds.dynamic.ca/fundprofile.aspx?f=H81K&s=A&c=CDN&lang=EN&r=6031

Check out Sedar for the latest

http://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00022422&fileName=/csfsprod/data109/filings/01607959/00000001/g%3A\CORP\SEDAR\SanG\2010\July19\Prosp\PrelimProsp.pdf

Strange that this was re-reported to Sedar on July 20th

http://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00022422&fileName=/csfsprod/data109/filings/01556322/00000002/g%3A\CORP\SEDAR\SanG\2010\March31\PRMarch31.pdf

Just an opinion, but they are doing a major corporate clean up for something and over the next 18 to 36 months, I feel a major payoff is coming.