Hi! The business I believe is no longer. I think the new share owners are essentially buying a shell that they will merge their business into to go public. So the business looks dead, but the past doesn't say anything about the future.
My guess on selling is retail. The SS hasn't changed in months and I'm sure some retailers are getting bored not seeing more info or filings for a few weeks. Chasing other stocks.
Nothing is for sure here, but the signs point to a good one taking shape. It's very possible we see this sell down continue until substantiated news shows up. But I've seen it both ways before.
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