"$309,000 of convertible notes due February 12, 2010."
as of Dec. 16, 2009 The Company still WAS in negotiations to convert the remaining debt into equity.
so if they converted $309,000 into common shares at (let's say) $0.03
they issued 10,300,000 shares
The selling will be over VERY VERY soon. Maybe as soon as TODAY !!!
and YES, the Chaikin Money Flow is looking very good ! = the shares are being accumulated !