Part of the problem is the spectre of 87 million shares out there ready to be sold at any time. Back when there was a healthy buy/sell market, 3 million shares were sold by SD (not offered, sold onto the market). So who's to know when all selling opportunity evaporates since it is unknown publicly how SD will act. This is akin to the blockchain randomly awarding 100k bitcoins to the winner of a block, it screws with markets when all information isn't given beforehand, and it would make sense to just keep tiering up, ipo at .0032, .0034, .0037, price rose to like .006, so why not put up:

1 million at .01
1 million at .011
...
1 million at .02

Now SD would have a plan to sell their next 10 million shares onto the market at a natural rate as long as they prove themselves, and they have always seemed pretty confident about what they are doing. It may have taken years but at least they didn't dry up the market. As it turned out, investors are stuck with their shares now, hoping their dividends are worth it.