GNCP - Those short selling are the reason why this is trading at the current levels. Just because an insider converts restricted certs to electronic markers, doesn't mean that he has sold them into the market. And chances are, his broker deposited his certs into the DTC. Just because certs have been deposited into the DTC does not mean the initial owner has disposed of them.
This is the little bit of information that is being withheld and the disclosure of other possible scenarios is being avoided.
10B shares could be deposited into the DTC, and not a single share sold by insiders. That is a fact!
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