InterCloud Systems Inc. (ICLD)

[shotsky]

VNDM's job is to make money. They do that by buying and selling stock. When there is more demand for selling than there is for buying, the various MM's trade among each other. That is how they keep the liquidity up. VNDM selling is not a sign of anything except that VNDM is selling. They happen to be one company that sells shares that have been received by creditors in loan defaults. They get lots of shares, and then spread them out among their competitors and the public traders.
I suspect that VNDM was selling at $.10, then buying back lower. That's pure profit for them, and that is what is to be expected. I doubt the public had any affect on the recent price decline - Most of us could not sell because the shares were locked in the exchanges waiting for the split to settle. Basically, the standard 3 days to settle.
Now, if the reverse split were to have been accomplished AND settled, and THEN the growing OS (dilution, but not conversions) could have been even worse, because the public could have ALSO sold off, adding to the decline even more. I suspect we are lucky that it happened the way it did, or it may have been even worse.
In any event, the good news is that ICLD got money to keep the business running, and hopefully to pay off any convertible debt before it converts. It got the money by selling shares at a discount to an investor - not the same as a loan, because there is no loan to pay back. (or convert)