Thanks for the clarification. I misinterpreted the prospectus. Immediate assumption was the company was the seller. Honestly, I don't have a precedent of this example on anything I have owned. I would guess this sell off after lockup expiry was the strategy of the IPO investors from the beginning. I don't think they could be unhappy with the operational performance to date. My position is the same, I still like it, but can't get all of the moving parts(this 2nd offering, high short % on a positively trending young but profitable company, the anomaly special dividend, etc.). Best of luck