So it would seem, but someone keeps selling anyway. This doesn't make much sense, a secondary at $3 which holds it's price for a time and then a collapse when we are close to coming to market. You would think management would issue some type of clarification regarding some of the issues which have been kicked around here. Just silence which is helping to feed the downdraft.
Any decent CEO would protect his company by issuing something that would ease investor fears and help quell the speculation that he helped create with that video. Just look at this message board for gods sake, almost unforgiveable. Everybody who bought on his up dates wants to kill him. The causes may be beyond his control, but that doesn't relieve him of his responsibility to investors, and I mean all investors, not just institutional.