Depends on where they were issued. Generally when large lots like this are issued, they are issued below market to the private investor. They aren't just dropped on the market as it would take a long time at our volume to get them all out.
If all of these shares are going to the new "management team" that will be heading to Ukraine thats a good sign though. Anyone who would be willing to drop $2.5 million into this company after all the DD obviously sees something they like ALOT. Might as well consider these to be as tightly held as insider shares also. One of my client's used to be a venture oriented hedge fund, they had 1 year+ lockups on all their investments they did like this.
Today we just saw the market pricing in the dilution, that's to be expected.
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