I was (snarkily) suggesting something through hyperbole, but of course you're correct. However:

    August 15th, 2012: 268 million shares, 10% of shares outstanding.
    October 14th: 249 million shares, 9% of shares outstanding.
    <b>November 13th: 1.332 billion shares, 49% of shares outstanding.</b>
    December 13th: 124 million shares, 5% of shares outstanding.
    May 17th, 2013: 47 million shares, 2% of shares outstanding.

60%ish of shares haven't been released yet, with Nov. 13th being 'the big one'. Given the speed / size of the price collapse, and impending tax bills and so forth, there's a good bet to be made that they'll tap at least some of that $10bil reserve.

In short, I can't logically see how the extra 50% swimming free will raise their share price. But then again, that's why I'm not paid the big bucks to work at JP & the Street, there's no doubt some plan afoot.