EXACTLY!!!! They finally got tired and are taking their profits.. 2 people already said they sold almost 20mil. And that was just 2 people. They should have sold in the .01's but they were being greedy now they seen it drop and are taking profits. It's a race to see who sells first. All these shares being dumped are from all the people who got in the .000's and of course the flippers cutting their losses to a minimum. No dilution just people taking profits while they can.
I don't think its dilution that's hurting the PPS right now. Based on the SC13G filings and 10k, I've mapped out the O/S by date below:
Aside from what appears to be minor rounding issues, the O/S has not changed since 3/14 (when the price closed at .0119). Subsequently the PPS peaked at .0158 and then tumbled to its currently levels at .0051. Unless new shares were issued today, I think this is just a case of an MM shakeout and people taking profits.