that could be, but we need something in writing. there was a designation filed back in december so who knows how many shares or whose were transferred then.
prior claims his shares are restricted but no notion as to when/terms and again nothing in writing.
but either way restricted or not those who own them or look to sell them will want to do it at a higher pps.
My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion