Medinah Minerals (MDMN)

[Anvil]

While not one to offer much positive about this company, I would say it is management or their nominees selling.

People forget, there is high overhead which needs to be paid. The only way to do so is via stock issuances, which are converted to shares, sold and proceeds lent back to the company.

Just because the share price is low, does not stop the need for cash. Just look at the cash flow statement, it tells the story.