I don't think it was really a theory the the institutional investors were selling their shares and keeping (or buying more) warrants. That's just the mindset of traders that the bashers took advantage of it to try and cause fear and doubt.

Institutional investors don't feel they have to watch the daily price change to make trades. Chartists and traders do. If the institutional investors wanted more warrants, they would just buy them. No selling shares to scrape up money. That again is the mindset of those that make beer money off of trades instead of investments that grow.

This coming Wednesday will be a sweet turn of the tide for longs. Shorts will need to be on tsunami alert as they will soon be swept away by the tide of buyers imo.