From what I remember, Claude Pellerin was holding a significant amount of shares (and CapEx was one of the TD loaners for ECOS).
He is now with Monar, who are working with ECOS. Perhaps in light of the good news, he is selling his shares back to ECOS (and to us), to avoid drowning a company that he has a vested interest in? If he were to sell 9 million shares at $0.20, for example, it would flood the market and kill any run up.
I don't know, I am trying to make sense of this volume, and mentioning Claude Pellerin got me thinking...
The bottom line is that TD loaners have a lot of shares to get rid of. Luckily for us though, we know we have a winner here.
