Two seller sets, truthfully. 1) Those wishing to avoid R/S based upon "death spiral history" in individual spec's portfolios. 2) Those who were the most recent registered to sell shares paperwork filed and reported on EDGAR in just the last couple weeks. There were some 88mil shares registered to sell.
Just as PGLC did in March 2013 if you recall and those posting about the significance of that seller registration back at the time, well, it's been RE-UPPED as it were, and voila, it's March and there's been another seller registration done by mgmt.
The bulk of BOTH March 2013, and March 2014 registration were the CRGC-->to PGLC wad that are still held captive to Reg 145 Restriction. The remaining 12-15mil shares being comprised of others listed in that registration, may comprise part of that "selling pool." At least it is logical to look there first for part of your "answer."
Reading that list of "who's who" of NOW (Mar 2014) registered sellers just recently filed by Alfers makes one go hmmmm.
Why do you think the "sellers" angle is more weighty, aka "the real question" in your words, are more important than the Insider Buys? Care to parse that one sp the forum might glean some insight?
