It makes perfect sense if he needed the money fast. If he sold his shares in the open market, the stock price would have been at low 30 today if not lower. Investors would have find out about it today and the stock will suffer more losses tomorrow. Your assumption that he could have sold at 0.005 is incorrect. The reason the stock went up is because share selling has stopped. Can you imagine what would have happened if you injected 100 mil shares on Monday to sell in the open market....Disaster.
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