No way of knowing if they are done selling. Someone has been draining shares into the bid around 50c just about every day - now we know who.
As you said, now they have dropped below 5% substantial holding they don't need to update the market on transactions. They had over 7.4 million shares and have sold 900,000 so potentially another 6.4 million shares to go. I doubt they are exiting to zero, but I suspect they will be looking to sell at least the same amount again.
At least they are doing it in an orderly fashion, looking for 50c rather than just dumping stock & taking the price down to 15c.
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