Quantum Materials Corp. (fka QTMM)

[dms1]

The problem with your thesis is that we don't know when MKM started selling. They last reported in 2014. We know they went below 5% in September, but they may have been slowly dumping for 2 years or just started this summer. If you check out their other holdings from their last report, none are falling like us. While i have no doubt some of the selling was from them, I'd guess some other holders are heading to the exit too.