I doubt the selling is coming from JR. He has the inside knowledge that all of us are chomping at the bit to get. Given the fact that he put out the PR saying he had bought 37m shares, the only way he would be selling is if it is a scam. And even if he was selling, isn't it 1% per quarter that he can sell? That's only 2.16m shares with the SEC looking over his shoulder.
With the bashers at it night and day and no word from the company, I would expect to see some who never intended to hold this play sell out. There are still 500m shares out there, some are bound to be traded even at a loss. Last week we had a day where large blocks of 500k were dropped at .0017 when obviously there were buyers at .002 and above. Why would someone sell at .0017 when they didn't have to. The answer for me is that it's someone who wants to see the sp go lower.
My broker told me a couple of weeks ago that it looked like very few shares were going to retail. I couldn't get any shares and that went on for over a week. He said that it looked like an MM was buying them. Just his opinion.
