".52 holders exercised and are selling their stock? That would make sense since they exercised early. Not much reason to exercise early unless you were going to sell the stock."
I don't think there is a counter argument to that statement Baba. Not to drag this through the mud but would an insider need to report a debenture conversion? I think they would but don't know for sure.
DL appears to be the only option holder that is no longer an insider and his next exipration for ITM options is Feb 2027(now 1 year from the date he left) from what I see. So unless he is converting early it has to be debenture/warrant holders. No insider has options ITM expiring before 2026, other than 100,000 for Barnes between this year and next. Interesting with the time lines on future options is that Barnes options just mentioned are the only ones expriring between now and 2026.
Either way it shakes out it's money for the coffers, keep it coming.
Good luck, Jque