Over 7,300,000 shares traded over the last 6 trading days.
Who could be dumping this many shares?
Some have speculated management, but no one in management has this large of a position. George Brown has over 3,500,000 shares but he is not selling. No other member of management comes close to having this number of shares. So this should rule out management.
It appears to me that it has to be fund selling.
Could the funds be smelling another financing in the near future and they are keeping the price down on our stock hoping to profit from another low share price financing? Funds have been accused of doing this in the past. Could we be seeing that here?
Without this dumping of shares over the past week it would have been interesting to see what our share price would have climbed to.