Yes the price has dropped in the past week and we have attributed that to insiders selling to get in the PP. If you check out http://canadianinsider.com/node/7?menu_tickersearch=AFI+%7C+Affinor+Resources you will see that Sebastien sold at .305 and bought back in at .25 same day under the prospectus exemption which I take to be the private placement. I was given the impression from him that others had done the same. They were probably waiting on someone who were dragging their feet on getting in to the PP so they took it upon themselves to fill it and close it so they can get the ball rolling, in my opinion.
There was also a large cross on Thursday of 1.3 million shares at .305 which is rumoured to have gone to the founder of Canaccord. It would appear that AFI have forgone share price this week so that they may close the PP and jockey shares into stronger hands. The chatter is that next week we start seeing news.
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