Yes.. That is correct. 2.2 million from Mr. Murphy is not a lot considering todays volume. As well There was not a pump and dump group on this that I could find anyway.
Of course it can still be the company diluting into the market. Doesn't mean that the 144er shares are getting sold. It could easily be absolutely normal dilution. Or do you really think that we would have 8 million shares sold at these ridiculous levels while until a few weeks ago we did barely 100k shares per week? Of course this is the company or someone related to the company selling today. IMO
It could be as easy as shorting the hell out of it from 144er guys, so called shorting against the box and then covering with their shares. Not saying it is shorting against the box, but it's obviously possible in pinkie land.
One thing is for sure. It's not retail selling 8 million shares into a big volume promo at 005 cents a shares. That's ridiculous.
What about if the Company is selling shares for itself and not for the Insiders? Does a form have to be filed in that case? This Company has never filed a Form 144 before now and yet O/S have increased when Insiders' Holdings have not. Something is amiss here and I don't think it is from the Shareholders.
I mean if the Company is selling stock for itself - to increase Capital. Also last year the O/S increased by about 9 M when Insiders' Holdings did not.
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