Just a couple final comments about all the selling ...
1. I for some reason was concentrating solely on the shares gifted by Kasian and not the bigger picture, and that was a mistake. FWIW, I just remembered that the 2,120,000 shares were reportedly divvied up like this ...
I don't know which filing he's alluding to, but I do know that Hamilton was working at Pimovi for quite some time, and then he and Thomas Rand-Nash recently founded Fuelist, LLC which along with Pimovi are under the Chancellor [ CHAG ] umbrella. I have no idea whether or not any of the giftees are selling.
2. I was recently reminded of something I've known about for a long time, but completely forgot. November and December are known for tax-loss selling and I suspect that many of those who originally bought after the Microsoft partnership announcement [approximately 18 million shares traded from 9-25-12 through 10-03-12 alone at an average of about $.55] could very well be the ones selling now.
3. If Adaptive does indeed start generating $1 million in monthly revenue, then perhaps we'll see these same people start buying back sometime after the first of the year.