I looked over who the sellers were in the private placement of stock and the overallotment. It looks to me the VC's or the original investors (RR Investors and Skylark) plus the VC directors who sit on RRGB's board of directors were the sellers. That is normal for only about a year as a public company. They probably had some kind of lockup that kept them from selling much until late November. Does anyone know which mutual fund(s) or institution(s) bought the RRGB private placement secondary?