Looking at yahoo board it seems that this S3 is just granting the rights of named shareholders listed to one day sell their shares. 5-10 years No dilution per some folks who seem to understand this. Their reasoning was well explained and made sense because they quoted from the s3 directly. If they are correct this should be a nothing burger but it could cause confusion in the morning and cause people to sell. They said the $3.01 was just used as an average price using a date range for the fee involved and that makes sense also.