They may be selling some of their position. But 100K in shares a month shouldn't be keeping this down. They will have 3 million shares from the $6 million debenture. That is where they will make their ROI. You have a better handle on this than I do. Regarding PCB unit, if they roll it into ETLS, what are your thoughts on potential share structure? Let's not forget ETLS has IP that is of a tech nature. Many of their original customers are ones that the PCB currently sells and services. I would love to grab another million shares in ETLS before something positive happens. Regardless if it is something such as this.
Keep ETLS on your radar. No promises, just a potential reverse merger candidate with the risk of a potential reverse split. Please research before investing in any penny or sub-penny stock.