I am with you. As far as I know, none of those shares have been sold yet. It is just the threat that they might be sold holding this back and I am theorizing that if they are sold, it is going to be for something that will push this higher.
And knowing how these things tend to work, the share price can be held down for the buyer to get a good deal and then have potentially huge upside. Like supposing the company is in the process of obtaining a lot more Bitcoin mining machines ? They are not going to say anything about that of course... Secrecy is paramount getting those miners these days or someone will go around you. Or maybe ... buy out another company ?
The problem is that the possible sale of shares is an anchor on the S/P. I wish Riot management would fix this uncertainty but in the end what is the rush if you are in this for the long haul. Riot is supposedly the largest Bitcoin miner in the US at this time so it should be higher and probably will be once the company tells us what is going on.
GLTA
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