Itchy, I've seen this same "reason" or "excuse" from another stock. In that instance, the Company said there was One Pissed Off Shareholder who was selling into the Runs. When the dilution didn't stop, all of the shareholders found out that the Company was selling into the Runs.
The Company then admitted this and said it was supposedly for capitol to start up the Company.
It (the share price) has not recovered yet.
I hope THIS is not one of those "reasons" why QASP will not go up.
I guess we will all find out very soon as you are (as you posted) currently keeping up with the Shares and the selling.
I expect you will continue to monitor this event. After all, since you were the one to set up the CC, you should be able to keep us all informed as to the Shares vs. Seller story.