nah, maybe $75 to $100 million by the insiders. The insiders would have needed to dump the entire O/S at an average price slightly under .0005.
Edwards alone didn't even come close. Urban was dumping as fast as he could issue before the decent run up. All the insiders were dumping fast and furious before the stock started to move up.
They were dumping real low into the hands of people like you and many others. Many of those others who bought low were selling into the run up to .001.
There are three groups of people.
(1) The insiders who sold real low and as fast as they could. (2)The first shareholders who were lucky to buy those shares fairly cheap (.0001ish and slightly up) (3)The real suckers who bought into the run and got stuck with shares they could not dump without taking a loss.
The insiders made nowhere near $300 Million. People forget how many times a share could have changed hands here due to flipping and general day trading
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