one director selling out, page-12

Indirect shares sold was probably the margin loan

Direct shares sold was probably to cover the loan

Quickly looking back at past notices (3 years) he bought.

400,400 x 0.25
1mil x 0.25
400,000 x 0.135
120,000 x 0.13

That covers 1.92mil shares out of 3.88mil that was sold.

1.92mil component translated into $302,500 loss.

So he is certainly feeling some pain!