The question is how many are they selling and why? If it is to pay for business activities for the merger for example, then so be it. I am sure the books need to be audited etc.
The merger with this company is quite impressive so I am fine with some dilution. It was hard to tell the exact number today...I saw the 12MM go off and I know there was a T-trade, but I also think people were dumping on the BID. If I had to guess, I would say 50MM was diluted at least...that's at least $100K so that was a decent amount.
The posts about the CEO selling is utter non-sense. They are "by the book" outfit and would have to file the proper form to do so.
VFIN is a known MM used to dilute. that being said there sole purpose is not for dilution they are a marketmaker and do trade under all circumstances. for example I could route my trade to be executed through VFIN. Struk