a few other concentrated shareholders could also be selling. When this supply cleans up the move higher should be dramatic. I hope we hear from the new CEO in good order. I bought shares at 2.40 and added at 2.15 this afternoon. Blum is underwater in a few education stocks..most notable ESI. Similar action there also. Could it be possible the shares may have been delivered in kind to investors causing the additional multiple sellers. I do not know how that would effect SEC filings.
There have been no filings for Blum selling since March 17th....and he still has enough so that he has to file.....don't know why he sold so much but there has been a lot of damage since March 17th.....hope the company is buying at this level