They're escrow for 24 months so they aren't in the...

They're escrow for 24 months so they aren't in the market those particular shares but those who got allocated seed were obviously required to subscribe to certain amounts in the IPO.

Seems like those people are now just releasing whatever they took in the IPO and they'll just be left with the untradable seed stock. Read the prospectus and there's a list of who was allocated the seed, was only about 20 odd people.

You can only imagine that there's another deal to be done and they're moving cash to that as funds are due by X which is why it's continued selling.

That's the way the game works at that end of town. Fear is that once there is a good announcement we are bouncing off a low base it won't get back to the $2 we were at prior.

Either way it's not a good look and I can blame whoever is soaking stock for sitting back, why would you pay overs when there is a desperate seller out there. Flush them out and then push the stock up.