It is most likely a current note holder since they are converting a small amount at a time. The selling has been happening almost 4 days out of 5 each week since early November when the May notes became eligible for conversion to free trading stock. But since we can’t know for sure I just refer to them a Mr. Seller ;-).
But retail doesn’t sell from block positions...
At $0.0005 those notes will take a lot of stock to pay off...and the note holders are making hundreds of percent right now on the re-sales.
Cellucci was forced for some reason to accept the $0.0005 conversion ceiling which is about as toxic as I have seen....and tomorrow another $500-600K of $0.0005 notes hits their six month aging milestone.
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