It's just a "theory", or "hunch" that Aruda may have sold, not a "lie" based on previous pattern or his "behaviour". Afterall, these are "free shares" to him. I thought poster Waverunner1 have always been "reasonable" with his/her posts. So I'm leaning towards this possibility. Also there's some silly stop loss being set that causes this massive drop as well. I really don't believe that the conference call is the reason why the stock price suddenly drop ,like, 20%? I also don't believe it was the three investors who sold (that theory came from the millionaire investor noretreat)