I agree with the first part, the second though not so much as they sold at one of the lowest price points for the company and if they were looking to cash in and make a profit then they would have been selling when the sp hit .80c the following week. In terms of them making money I'm not sure what their average buy price but would have to assume on averages it's lower than what they got last month. Your suggestion is contradictory though in that 1.3m is small volume but they seeking to make some money before exiting as they could, going on the number which were placed recently @ .68c sell off market to another buyer(s) at or around this price and exit any time they want.
Considering theres been no negative production updates I really dont see the reason for anyone to be questioning the financial viability of the company. Anyway, lets see as if it does get over $1 the selling pressure at that point will be large.
Ann: Change in substantial holding from HHL, page-6
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