JJ has been converting debt into shares; those shares are being dumped now...supply & demand....have to ride this out or buy more.....whatever you do....don't sell. Must clean the books as best as they can be. IMHO
I'm a newbie here and am intrigued by immediate potential of their filter product. Why are those who buy up the debt for shares selling? These prices are ridiculously low? You'd think they would hold on for a better price than .12 cents to sell. I wonder how long this situation will last? The company needs more money to proceed but cleaning up the balance sheet has certainly helped.
I'm going to start a new position today based upon improving fundamentals and outlook.
They are selling because (1) apparently they need the money and (2) they get warrants with the conversions at a price even better than the current price. When JJ needs money he has to make a deal that is better than buying on the open market. You .sell existing shares at 0.12 buy back with JJ ay a price say 80% of trailing 6 day average (guessing here) and get warrants also .. .this too shall pass...
'On July 24, 2014, the Registrant issued an aggregate of 2,503,966 shares of restricted Common Stock and a seven-year warrant (the "Warrant") to issue up to 1,251,983 shares of Common Stock at an exercise price of $0.132 per share to Dr. Chetan Shah, a director of the Registrant.'
Based upon the blocks sold I am not convinced this is dumping by major holders.
More like weak hands.
Even if some of these shares were from major holders they are due some payback converting Debt.