Funders " loan " CEOs $$$ and get shares in return. Funders are simply all about $$$ and will sell any which way they can whether it be bids or at the ask.
Once the funder is completely out , We will go up and all kinds of PRs will drop.
the company probably expected way higher buying volume on the news when they planned their dump strategy...
unfortunately (for the PPS), not enough retail investors bit; the company still sold the shares as planned and the PPS dropped
if the A/S is still around 75 million (as per the last 10Q), then it was a GOOD plan...some decent volume would probably move this up despite the company selling
a rebound is still possible though...will continue to watch