Yes, even EOY holiday gift giving can be a reason for insiders selling some of their ONVO holdings.
Indeed... a number of years back a VC friend of mine took a big stake in a biotech and also had (by virtue of his $$$$$) a seat on the early BoD for that company.
His "bargain" buy-in price to fund the company before it went public bought him about 8 million shares...
there came a day about the time of an IPO that an independent BoD was required...
and he departed from the BoD.
After the IPO and no longer having a say, that insider sold about a quarter of his shares to pay cash for BARGAIN HOUSE he and his family decided would be a nice change for them to make.
Not long after that he sold off another quarter of his holding JUST TO TAKE $$$$$$ off the table and INCREASE HIS DIVERSIFICATION by putting money into NEW ventures.
Likely there are some similar stories in early ONVO funding back before the OTC days, through the OTC days, and beyond to the current uplist.
I only worry when MGMT gets big bonuses PAID-OUT IN SHARES (annually) WHICH are immediately sold regardless of current SP...
or insiders sell off a big stake in the company ending up with NO STAKE or far less than their original share count.
So far I've not seen any such activity in ONVO by insiders or management.
ONVO is just not a traders dream. IMO there are more than a few traders who jumped into ONVO on the way to 12+ and got caught when orchestrated shorting brought it back down to its current range of trading.
AND YEAH, I'd be very unhappy about the PPS right now... but truth is, I'd be even MORE UNHAPPY about letting some other TRADERS who use shorting as their preferred tactic steal away my $$$$$ from me!!!!
I don't know that there is any way to gain back those paper losses other than to WAIT OUT the time it takes for ONVO to gain traction to the next level. I DO KNOW whining and bashing my own investment would just drive the PPS lower and abet those playing the shorting game!
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