The Reg-D sales are clearly evident if you go to stockcharts.com, and apply the CMF indicator to a HCPC chart. There is a strong dilutive period with the filing date of the Reg-D, and ending late May.
Since June 1, we have gone strongly positive on the CMF, showing accumulation, not dilution.
(go to: Stockcharts.com, choose HCPC, and then go to bottom indicator section, and apply the Chaikin Money Flow indicator)
Also, Buyins.net shows quite a bit of short sales this year, relative to the low public free float. Perhaps there is some covering at these low prices. Quite a few MM's at .007 now.