This reeks of someone knowing something and getting out regardless of the bid. There has been nothing but positive news publicly since Armistice purchased. The failed test occurred months before their purchase. Payne as CEO loaned a million dollars which is usually a positive sign ; CEO is not going to dump money into a failing company. What happened since these events to cause someone to just start dumping stock for any price?
It makes perfect sense. The company just f****d them over immediately after a private placement. I assure you, they give zero shits about the test/results or anything else. They are in it strictly to churn profit from their "free candy" given as part of the private placement.
So, the fact that those are impossibly out of the money now...they don't care about the rest.
I've said this before but folks don't want to seem to come to this reconciliation: ZIVO management has chosen the "shitco using markets to raise money" path versus legitimate business enterprise path. Facts are facts.