RE:Trading at PresentDart thats a typical P&D. This is insider shiite. They cant pledge shares if they are locked up. His cronies are shorting, hell just pay them back the shares to settle the short and they give him the money through LLCs and call it legal expences just like hush payments
Here direct from SEC
During the Lock-up Period, the Holder agrees that it, he or she will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any of the Lock-up Shares (as defined below), enter into a transaction that would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the Lock-up Shares or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement, or engage in any Short Sales (as defined below) with respect to the Lock-up Shares.