I hate to defend Frank but all these comments/worries are deja vu from when everyone was #$%$ about Frank selling a designated number of shares when the stock price was $1.50-$1.80. Selling 10% of his shares over 4 months will have no real effect. Normal profit taking by non-officers started several days before this announcement. Take a deep breath, sit back and wait for the next two upside catalysts to occur: uplisting and the first enrollment in the trial.
Oh come on! The 10b-5 requires a reason for the filing. The man claims that the basis for this filing is the ONE CLASSIC RATIONALE for a solid long-term financial approach and that's a reason for concern???? Since when? He owns 13 and a half MILLION shares for the sake of all that's fuzzy!!! IF he divests himself of 12 THOUSAND shares a day for FOUR MONTHS that would just barely maybe reduce his holdings by 10%. Besides which, that just puts a few more shares out into the float (which institutions will find desirable going into the up-listing).
Time to take a breath and forget what the day-traders think, IMO. After which you should go snap up a couple thousand more shares.
Im with you. Diversification is a big part of any sound investment strategy, but the reason people do it is partially to protect from large drops in a single stock. Not the best explanation to gain confidence in the stock.