First of all for the people that are completly agains't a reverse split you need to understand something, you don't do this just to push up the price you do it so that instituional investors can play your stock. Most of them cannot own stocks that are below 2$. So yes it can be very dangerous to do it just for the price so that is why you need to do roadshows with those managers, get interest and THEN do the reverse.
Second point as far as sellers go if you notice Haywood Securities as been a big seller for a while now, I own another company witch had the same firm selling and was told by management that it was a big client liquidating is portfolio. So it might be the same people or another seller it realy does not matter, all the smallcap resource stock are getting killed. Just relax, and buy more if you realy beleive in the company. I do and at these price it is a joke. Rember somepeople will sell at any prices because they don't care and just want to get out as quick as possible.
This is not a buy or sell recomandation.
Always do your own research and due diligence.