Well, their current shows they increased OS by a whopping 20M shares. That's not enough to scare off anybody. No this selling is probably just a group of people that want to clear up cash for something harder.
I don't currently own any SNDY shares, so I'm able to be fairly objective here, and I'm calling a bounce back to .024 levels within a couple weeks. Chart shows consolidation here at .01 for another week, and then the ascent can continue.