There has been about 30% dilution in the last couple of years so there are more shares but not sure that the float has risen quite that much though. The outstanding shares count on the OTC Markets website hasn't been updated since 11/6 so we don't know if there have been note conversions since then that have then been sold into the market. If so, that could account for the selling or maybe it's been someone or someones else.
But it still comes down to financing. That's the press release that should really make a difference. I've seen many companies, including one I have a big stake in currently, have their shares prices drop waiting on a financing deal in the works but that is taking seemingly forever to finalize, because closing deals takes time. Then the price takes off when funding is secured. We'll see if that happens here.
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