The revoked their reporting requirement with the SEC due to shareholder count being under 50. This was several months ago. The company no longer has any obligation to file ANY forms with the SEC. Sitra could have dumped every share he owned the day after that filing and no one would ever know. Maybe he bought to create confidence from investors thinking he was buying so something must be happening. Then once they didn’t need to report he could dump all the shares for a tiny loss but still buoy the share price because investors think he still owns a large chunk of shares. In the end, the best case scenario is he owns 10million shares but the company will have 5billion shares outstanding.
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