Not sure of the legality. But highlighting the selling is valid. The reason the share price is sitting at .0236 right now is because 3 insiders are selling 2 million shares a week for most of the year. It is impossible to find buyers for those shares. An imbalance of buyers and sellers is what moves the share price. There are not a ton of buyers but trying to find buyers of a penny stock to offset 2M shares a week is not possible unless the share price continues to fall.
As I said in my last post. Barbara's 144 ends with sales of 1.1M additional shares. That is likely at the end of this week. So Barbara may file another 144 and continue selling, but lets hope not. If Emil believes in the patents there is no reason to sell. They will have proceeds of $2.15M in 2023 from the sale of shares.
Barbara had a total of 322M shares and will have sold 167M of those shares or 51.8% of their shares. They will own 155.5M additional shares. They sold 16.8% of their shares in 2023 alone.
I don't have a problem with Emil getting paid but the selling impacts the value of my shares and that is not a good thing in my book. If the trial date would be set and we could see an end to the initial case it would help shareholder to believe. But at this point we still do not have a date for the trial.
"None of us like the continued selling by insiders but it’s not illegal."
It washighly illegal when Babs was dumping millions of shares without the requisite Form 4 filings.
Which she did for literally years.
I'm sure she'd still be doing that if she could, for the simple reason that it does affect the pps and volume adversely and I'm sure she wants to maximise the proceeds and the ease of her dumping (that's why they pay Inza to post here and elsewhere to tout this sorry scam, after all).
Something must have changed to force this sudden outbreak of conscientiousness and conformity with Securities Legislation, possibly a Wells Notice, the legal suit against Malak or both.