No one is selling (although Joe said 10 share sold) because if anyone with say 1000 shares tried to sell they'd drive the sp below $1. So you might as well hang in there and hope for a miracle or the short squeeze (same thing).
As for Mr. Lenfest, he's already given up on making a winner out of TEVE and the money of course makes no difference to him - so don't look for miracles coming from him either.
Maybe he'll donate his shares to charity and get a tax writeoff.