Quarry,just to get the complete facts on the table about the debenture that matured on 1/31/2016. Also per the last 10Q:
"In January 2015, the holders of the $400,000 convertible debenture converted into 10,000,000 shares of common stock. As of September 30 and June 30, 2015, $0 of principal was outstanding."
So there was no more principal to convert in January 2016. They converted a year ago and so this was not suddenly a new source of shares to be sold and cause the share price decline as you proposed to Spartak.
They could have sold some a year ago at a higher SP, or back in July when the SP peaked, or they could be selling some now or still holding. I don't know.
Wild Speculation:
As to their motive for selling, if they have been selling, maybe they sold half of the 10 million shares at $0.13 in January to raise the $650,000 they needed to fund another microreactor to put in the China or solar facility, as they have the rights to do. They would still have 5 million shares left, plus 5 million warrants, plus the rights to convert the $650,000 at $0.04 and more $0.06 warrants (assuming the same deal as with the first $400K). We will have to wait and see what is in the 1st quarter 10-Q in April to see if my fairy tale is true or not.
