Actually its not a function of good or not good but a function of billions of shares being sold by insiders. IMO, The insiders are not concerned with selling shares in the open market at this price range because they have in effect traded shares for a revenue share agreement. The insiders "family" will not want to give up majority control (and won't) so you can fairly easily determine a relative baseline on total number of shares that will be sold into the market. If blocks of shares coming into the market after license occurs are in significant quantity then it is logical to assume that PPS will be negatively impacted once retail buyer thresholds are reached. MMs will be selling these blocks of shares as liquidity provided by retail buyers allows.

This IMO, should be viewed as an opportunity to sell a portion of holdings then use proceeds to rebuy as the PPS drops because of the volume of shares coming into the market.

Keep in mind that a revenue share agreement depending on the structure of that agreement may also significantly impact PPS after revenues occur. This entire SS and revenue sharing structure, IMO is designed to allow insiders to maximize their ability to pull capital from the company at very early stage development. So long as the capital is used to finance company growth and development it is a smart way to utilize resources. At the same time, this very structure also provides shareholders an effective strategy for share accumulation prior to uplisting occurring.

Quick note
The low volume over an extended time indicates to me that MM's are testing the market to see retail buyer thresholds and may be hoping some of the larger retail shareholders will see the low volume as weakness and sell shares at pre license pricing. Personally, I am not selling any shares until after license and then only after I can determine the trend.