Insiders sell shares for numerous reasons. In some cases they have estate planning issues or just want to reap some rewards for their efforts. All selling insiders have a significant amount of shares left. In other cases, especially with a small float, when large firms are becoming involved they may ask insiders to sell so that they can get their hands on shares. Institutions are accumulating this stock, which is a good thing. From what i have read independent due diligence on unxl has led to significant buying. Seeking alpha obviously has an agenda.
Finally, some sensible thoughts. No stock will go straight up, and there always be reasons to some profit taking. One thing is sure: UNXL potentially is a $500-1000 stock in 3-5 years time if they deliver on the expectations. Place your bet, I am all in
or in this case, they KNOW they're company is a money burner and realize it's just a short covering fiasco and takin FULL advantage of letting the new $24+ idiots hold the bag for eternity for them. they KNOW they can't make a dime of profit as well. obviously, if they thought this scam wuz goin higher, they woulda waited to cash out.