Ann: Proposed issue of Securities - CDY, page-39

How can they be averaging out at 22 cents or anything below? The SP went from 9c to 49c on open, now it's back down to 22c. If anything, their averages would be closer to 30c (or higher given the volume around thoses prices) than 22c. Not to mention, the 26m 22c shares were only issued two days ago - and since then only 13.1m has been traded. It would also be safe to assume of the 13.1m sold, not all are from SS selling either. Based off purely volume, they're definitely not done with it yet, and won't be for a while if the SP remains here.