Those FTD's are most likely PIPE investors using their restricted shares to cover their sales. Pay $0.80 and sell the same day for $1.10 to get a massive 37.5% instant return. Perfectly legal.
Savvy investors call them Whale Fails
JBII, Added To Naked Short Lists Today
"Where ignorance is bliss, 'tis folly to be wise." - Thomas Gray