BioCardia Inc (BCDA)

[Belac420]

There's no way to verify, but in the recent S-8 Filed on 2/8 it laid out the share structure of the old 2002, 2010 and new 2017 employee incentive options. https://www.sec.gov/Archives/edgar/data/925741/000143774917001935/bioc20170203_s8.htm

In it it showed 5 previous employed directors with a combined share holding of 3,861,395 received from the 2002 & 2010 incentive options. Of those 561,981 were being offered (i.e. made eligible for sale via broker/public market)

It's reasonable say but not know that some of the heavy selling pressure that has been gradually increasing in volume since the filing is due to these individual dumping their shares, causing others to panic and when support cracked a major panic. Again these are educated guesses, but plausible. The sale of the offering shares by these employees don't have to be filed with the SEC so when they are sold is anybody's guess.

Note: that 3 of the directors are still holding onto a remaining 3,299,414 for now and the majority of the 2017 employee incentive options registered are priced at $0.54 so it should stand as good support and is positive along with recent insider buying at $0.64 imho.

Possible double bottom around $0.54ish before it goes higher on future news. Bullish with patience!