I believe warp said at one time that he was the 2nd or 3rd largest shareholder in the company. So your take on his selling is flawed. The total shares could well have exceeded 30-35 mm shares between the two. At this low volume that selling would take a real long time. Thus, the decline in share price.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.