Biggest holder SG-VTB was likely very happy to finally have some liquidity and a much higher price to unload their ENORMOUS number of shares in HEAR with the run-up beginning last year. I would think it's almost a "fiduciary duty" for them to have downsized an investment that had probably grown disproportionately large in their portfolio with the gigantic appreciation of HEAR's stockprice since last Spring.
I think the selling out by old hedge-fund wiz Vinik in Jan. was more worrisome, but the stock action didn't really seem to be much hurt by that.
Again, i don't have any investment in this, either long or short, but as an interested bystander i find the co. an interesting one in this new era of the ascendancy of "battle royale" genre games and Turtle B's massive de-leveraging of its balance sheet. They continue to impress with their industry-leading sales stats.
I think on any future dip i might be interested to pick up some shares (not a huge amount).
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