Question is 'who is buying'? It is not flipping because the trading logs don't support that theory. Also, you are right, the only ones who can sell are pre split shareholders unless someone bought after the R/S and are selling now but again, the daily volume does not support that. Each day the volume increase and the price goes UP. My point is, who is the buyer! Right now 10% of the available float has changed hands in the last 3 days.