I do not see him panicking. He has 1,780,000 shares he could have sold at a $1.05 $1,869,000.
He is the scientist involved with Z160 and he is still holding at 0.57 share or $1,014,600. Why would he want to take a loss. $854,400.
Look at it this way on you left hand you have marpieslice 1 a A-whole that is like a pimple on your #$%$, and on the right hand the scientist who is highly invested in a medication he believes in.