Giff yes I saw the reduced position from last Nov. 1.79M 10.5% vs today 3.4% as of latest filing. Evidently they feel Casein broke the momentum, that is a duh, but there still is a world of difference between you owning in the .30s range and them owning in the $4 range.
Ask yourself this, "if they had owned where you do currently, would they still be selling" and conversely "if you owned the stock at $4 wouldn't you have sold?"
I think we have dead money until some PR changes things. Having said that, the management and the cost cutting and quality are the same, they just have a business obstacle to overcome imo raw material costs are not an unusual concern for any manufacturer.
When casein breaks orrrrr an alternative is selected the SP goes up, jmho