No doubt. It makes perfect sense. Management had a $ issue to complete the audit and they had 3 choices. A. Dilute. B. Sell shares on the open market. C. Sell shares off the open market to an investor with deep pockets.
I don't feel like digging but the PR said they chose the option that least effects the shareholders.
It's a win-win for everyone. A. Company - complete audit. B. Shareholders. Audit completed and PPS value increase C. Deep pocket investor gets a nice chunk of shares right before the audit.
Dates also make sense. Sell shares in 90 day period and outside day for audit is June 30th
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