Yes, Hy, but remember we are assuming Joe is not i

Yes, Hy, but remember we are assuming Joe is not issuing many (or hopefully any) at current prices. The price goes up with the NGIO spin or other signs of life, Joe puts some shares, cranks up the machine. Price goes up, then down a little as these guys divest. Machine keeps cranking, price goes up, Joe puts some more shares.

That's how I understand it...