Duh, who would of thought. It has been quite obvious that they have been selling in 10k-100k lots as to not cause panic selling. Also, in a way to draw in new investors who don't realize they're buying a turd.
Shorts are too busy making trips to the bank laughing their #$%$ off.
This stock is worth 5 bucks at most. Good luck with your napkin calculations.
The BOD and management want to milk the company for all its worth. Incredible salaries and incentive packages ahead for all those who stick around. Golden parachutes and bonuses if things go wrong.
Can you imagine how much Valeant paper stock certificates will be worth someday ... might be worth more than the stock itself as a souvenir or wallpaper or toilet paper.
At first, passengers / shareholders were assured that Titanic / Valeant would not sink / BK. Even the deck band / Ackman were playing / explaining while the ship / share price was listing. Not enough life boats / buyers to contain all who wanted off the sinking ship. Then the plunge to the depths.
What make you think Ackman isn't selling. He probably has a few traders selling in 10K-100K lots at various exchanges.