He is no insider anymore, only a stockholder that needs cash, which is no big dael or problem. Especially doing it legally, by reporting to the SEC his intention. So how is that powerful reading, except for a problem you encountered that caused a problem for your stock that you identify with NENE's situation? That particular problem was more than likely an illegal liquidation which we all know can hurt the PPS, which is not happening here. Also, the caveat of only being able to sell limited shares per day should not impact the PPS as you are afraid of.
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