It’s not illegal for a major stock holder to sell their unrestricted shares for any price they can get. If the price goes down that’s because that’s all the market will pay.
Investors get tired of holding a loser stock like Hempinc and they sell it and move on to better investments. It would not be surprising to see the majority of stockholders of Hempinc exit as soon as they are able, the future doesn’t look to promising for Hempinc imo.
Bruce should consider himself darn lucky to have milked this for over a decade. Investors should feel lucky to get out of Hempinc with any % of investment.