True. I don't particularly understand their logic though. I understand they just want their money right away and don't care about the company, etc. But if they keep dumping like this, they could dilute it to no bid and be stuck holding shares they can't even sell. One would think a more controlled selling would be more beneficial to them, but they don't seem to see it that way.
The content of my posts are my opinions only.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.