I do not think the sale was a dump, probably someone who read the latest filings and realized there is no hope. There are 1.5 billion shares issued and outstanding, albeit some restricted, but it does not make any difference. As per the filings, there is a new person, Maria Liem, to be named to the board. That means more shares issued and probably getting up to the 2 billion authorized. Then, if they want to maintain a least a semblance of going concern a R/S will follow. It might be 1:100 or even 1:1000. At that point, anybody who bought in the last 2 years and has not sold yet will be completely wiped out. Most likely Lars realized the ship was sinking and bailed out. We,the rats, will probably go down with it.
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