Replies to post #2445 on Nexien BioPharma Inc (NXEN)

[FELLER]

Jeffrey himself doesn't have shares, but his wife, son, and daughter do.

[Renegades17]

That's a sensible explanation

He is likely price insensitive and just wants to raise cash.

That said, I think management could have managed this better. Setup block trades or done an offering rather than let sellers crush the stock. Reflects poorly on them too.