Kgem: I find that a high-quality, well-considered

Kgem: I find that a high-quality, well-considered post. It touches on an array of absolutely crucial issues. I would endorse every word you have written, and I imagine many other longs would too. In particular, I find the following full of solid common sense,:

But the share selling must stop for any serious price appreciation to start.  Furthermore, I suggest that Hollund must address the increased number of shares immediately, and tell us what they intend to do.

At this point the company cannot keep its business plan and the state of the art in pitch blackness, because that would be self-defeating and self-destructive. Trust and credibility are just not optionals, and a key aim of management should be to retrieve its credibility, after the discovery that the outstanding had taken a big jump upward (due to conversion) instead of being reduced through a sizable buyback, as everyone had been led to believe.