That's silly. SK's 5% are everything that he has right now. He got them for nothing and IMO will want to make nice dollar out of it. There's a reason why he hasn't been rubbishing the company in the media. He has a significant vested interest. I know if I got booted out of the CEO role of my own company I would still want to see my idea come to fruition and the company to do well and for my shares to grow.
This is all hanging on a positive announcement. Until then it's just day traders floating in and out making a quick buck.
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