Sorry, but I think it's just more wishful thinking. Anyone could be selling, but it's a lack of buyers that cause the problems. In addition to the 6 million shares, JED has a bunch of outstanding convertible debentures that are priced at a 65% discount to the price looking backward, so the only way they can lose out is if the price falls more than 65% after they convert. If they find a way to short those shares against the converted debentures then they can't lose.
It's always possible that there's a large seller that wants out and that's "holding back the price", but in the end, company performance is what matters. Right now the company is IMHO struggling with getting product out, getting the website up, getting some recognition of the concept and paying expenses. They are funding through very expensive and dilutive debentures. If they can get some good results it won't matter what JED does and if they can't, all the sellers could pull their shares and you'd just end up with no volume.
It's all about performance and in particular, financial results, IMHO.
'Tis better to be silent and be thought a fool, than to speak and remove all doubt. - Abraham Lincoln
