Are the $2.5M or so of recently converted shares being bought & sold by DW8?
At 3c that's about 83,333,333 shares. So if they offload them at 6c they will have $5M & doubled their money.
There is still another $4.1M to convert at 3c so they could potentially double up again selling for 6c & have another $8.2M.
Ann: Cleansing Statement, page-3
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