I am not 100% sure but it had something to do with the dates, ex dividend, ect. I guess many got the divy that were not supposed to and sold. I Check penny ta's posts or one of the mods and you should find the exact reasons. Not to mention theres been a couple of other plays in the past that were very similar.
I really hope this turns into one of those historical examples and it could be possible to maybe get 10,000 gain from this.
I know its highly unlikely but again with past similar plays its happened. I guess this CEO Clayton really knows alot about these penny stocks in general so I hope and assume he will be able to take the most advantage of the situation to benefit himself and the shareholder.
good luck man