seed capitalists or promoters would have happily sold out... irrespective of what happens to the SP
IMO it would have been a complete exit rather than a partial sale... except for perhaps Nick??? which is 9.3m shares of the 22.3m listed on the IPO as shares in escrow (related parties seed capitalists and promoters were 17.4m of the 22.3m)
plus 5m in staff shares off escrow...
If any of this is true... its not a good look for the company that insiders would be selling to this level.
LT I am very bullish on the technology... but geez these day price movements are distracting.
Ann: Identitii Begins First Mastercard Project, page-139
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