I meant to say they 930k not 9.3m they can't sell. If they did bail, it was a smart business move on their part. $25 million dollar investment doubled in a week!
Don't forget YOD still has the $25 million in cash to move things forward. They still have Cmedia on the board to help move things forward.
There was a little over 16 million shares offered on the S-3, and most were probably sold in the last 2 days.