10 Percent10 percent of the stock sold in one day. Had to be a large holder obviously. Why would the large holder dump now after the stock has fallen to year lows? Posters have been talking about a large investor needing to dump before June 30 because the market cap has dropped below $75 million. The dumping investor might have to looked at this as the best opportunity to dump with the June 30 deadline only 10 days away and the SP jumping up 30 percent in the last week. Hope it's a one off.
Someone bought those 26 million shares. At 20 cents, the value of shares sold today was $5.2 million. Don't think the company would risk that much money with cash level at $10 million but you never know. It would be a gutsy move.