cpa, They Can Only Hold 4.9% of the OS
At any one time, They can sell into the market, But the problem is, There has to be BUYERS for them to get more shares.
No buyers = they are stuck, If as I think the new OS is 240M , 4.9% of that at the end of the month 11,760,000 shares.
As for the company being late with the filing, They're always late, Remember this is OTCBB And most are late in filing, MEANS NOTHING