huge backlog being chucked in

Every day 10M GPE shares are on the sell side.

Typically a million shares sell. If I recall right this is 0.3% of the issued stock of GPE, most of which is held be a few major holders.

If these majors are selling then there is at least another 200,000,000 shares to be sold at a going rate of 1-1.1cents.

Such a sell down would not be complete until next Christmas.