Not necessarily. If they were selling for financiers who got a big chunk of stock at say 2 or 3 or 4 cents, then it means nothing more than the financiers are not gamblers. Think of your average bookie. He is not betting on team A or B in the Super Bowl. He just wants to make a nice and guaranteed return on the total action. He leaves the 5-1 payouts to his customers.
To me it seems reasonable to expect that financiers were selling shares that were formally restricted when sold but which would be off restriction some weeks later. They must have known that the pps would fall substantially if the results from RR were not good.
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