Well, this is progress. Down here in the OTC, It's not unreasonable to suspect management, and since you've outlined a scenario, I think it's worth discussion. You didn't provide any facts, but hey, no one's perfect I guess.
The biggest factor you're going to have to address, is that the story of PAVC since the merger is one of nonstop BUYING.
Now, that initial dump was all retailers. Not insiders. MY theory is that Someone tried to bury their involvement in a pre-existing JPHC short position by handing fake shares to their customers, then starting a panic sell-off.
In fact, I think it was a pretty neat trick. Not only did the plan "pass the hot potato" on to someone else - Someone turned around after the dump and tried to FORCE their customers to COVER the bogus shares.
The next problem I have with your "insider dump" theory is that following the initial rebound to .012, this thing fell back to .005 and traded horizontally for a month and a half. No real action, or volume, to speak of for all that time.
Then it took off again at the beginning of July. Now we're still talking about buying here, NOT selling. Yes, it did fall from .28 to .06 afterward. But that was primarily the people who bought it up getting out.
The accumulation line on the chart is the biggest - and last - nail in the coffin for your "insider dump theory." Even during the trip down from .28 to .06, accumulation remained high. This tells me that Someone was buying all the way down. Very cleverly too, I might add.
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