Edison TV, page-26

Institutions own at least 400 million shares. Buchero reports that 300 million shares were distributed early at very low relative prices - from 1-4 pennies. The remainder, about 400 million shares, are held by us folks and unknown others, many buying early at prices at least 20% below today's current deflated price. Modest profit taking and risk reduction make sense to explain current softness in price. With so many shares out there, these small transactions 1-2 million per day, are understandable. Since many new buyers are going to wait, and some are jumping on lowering prices, selling for profit and/or risk reduction is happening on a very small relative scale and has not resulted in crashing prices. Selling some very early low priced shares to make 20-500% profit is an entirely rational behavior and causes investors no medium to long term harm. There are enough buyers now to keep the price relatively stable.