Doesn't look like the debt holders who were converted to stock or the underwriter or the mystery investor are headed for the exits . If they were , we would never be moving up in such an orderly fashion .
IMO this shows they know this is going much higher .
As I tried to explain to know it all poster that his suggestion that the underwriter would dispose of all thier shares at $2 was ridiculous. They drove the stock to $2 to get that nice discount , there was no way they would be selling it at $2.
But if they decide to lighten up or sell everything at some point , actually the orderly fashion is the easiest way for them. Nothing brings more investors than gradually rising stock price. The only question is where they are going to be selling. Most likely they themselves don't know yet and will play it by ear.