I've been trying to figure out why the large volume of sell...

I've been trying to figure out why the large volume of sell orders is sitting above 10, on a stock that I would assume has very little downside risk from here.

My two major thoughts are:

1) Outstanding convertible notes of circa $100m due 2012. But the company has been buying them back at some pretty hefty discounts?

2) Risk of loosing some or all of Rasp to Toho ownership if not enough free cashflow to repay debt facility. This is in any case undrawn. And even if this were to occur, Rasp is hardly the company's flagship asset with Endeavour looking progressively more cash flow positive.

Any other thoughts or comments? In any case I'm happy to add here at under 10c..