Why would they invest in the first place if they d
Post# of 32637
It seems to me if they have such low confidence in the company they are willing to part with their shares at a loss (and the selling continues at lower prices than $2.85 so a bigger loss than that for those shares) they would not have invested in the first place.
Maybe I'm missing something but I do think institutional investors hang in there for at least a month at the bare minimum and not sell on the first day of trading or even in the few few weeks.