My guess is that 2 people sold: B. Newberg J. Brooks
If you look at the news below, you will see that these two owned "7% of the stock." Considering that the float is 400k shares and they owned more then 75% of that, how could they have not been directly involved? They realized they could not raid and sold their stakes off. If management let them get away with it they would have made a killing. This stock is worth 8 or 10 per share if not more.
The interesting thing is that the price did not fall at all on the 10th, meaning that somebdy wanted those shares just as much as those two wanted out. This looks like an ideal stock that is in strong hands. It surely will move above 5 in the future, just dont get shaken out. That is if there is not a bullshit buyout by the execs.
Latest SEC documents indicate Newberg & Brooks sold. They apparently did not think management would ever reward the shareholder. I am thinking the same. Investments like Econometrics & Compliance do not look to be in the interest of shareholders. I agree the stock should trade for 8 - 10, but I doubt it will with the current group.