Atticus just filed that they sold an additional 115,700 shares on Friday at 60-61 cents. Selling stock at 60 cents is a money losing game for them as they own stock much higher. Also, how much money can they raise by selling this stock??
They sold 200,000 last week at 55 cents = a whopping $110,000.
They sold 115,700 shares Friday for another $70,000.
This is not money for a $10 Billion plus hedge fund. Maybe they have to sell based on the internal bylaws of their fund??? Or maybe they have big fund redemptions and they have to sell a % of all of their holdings, which could be the case.
On the plus side, since they have been selling ,the price has gone up??
