Share theory,
I seem to recall seeing something similar to this before, but I believe the old CFO is out of the picture now. If I were that guy, I would have put in my initial hire contract that if I were to leave under certain negative terms (layoff, fired), then all of my restricted shares immediately vest and become available to sell as common stock.
I'm wondering if the people who are now not working for EFFC, namely the CFO are now executing their common stock sales within the X day window following termination.
You never know, it could be as many as the 24 million shares that were cancelled. If there's decent revenue, adding 24 million shares to the float really isn't that big of a deal, but still!
anyway, just a thought
