Possibility one: JP is unhappy with the direction of the company and has decided to get proactive with his 16 - 18 million shares to impose changes. This might be the highest probability because it would be really difficult to sell that many shares on the open market. That is, a buyout might be the best way for him to recover his investment.

Possibility two: JP no longer has a sizable position and is saying what he thinks without having to worry about inflicting damage to his portfolio. However, I think this is more unlikely because I kind of doubt he has sold that many shares, judging from the anemic volume over the past year.

What is not a possibility is he still owns his big position but is simply stating his mind without worrying about the share price. That would be irresponsible from a fiduciary point of view. And would be metaphorically shooting himself in the foot.