We all know that one or more of the large holders in this...

We all know that one or more of the large holders in this company are reducing their positions. The Chairman has a few he might be getting rid of, as well as the parcel held in a fund he controls.
My issue is this. at .003, this company has a market cap of apx $6.6mm. Around $3mm of that is cash. Add the underwritten placement of ~$4mm, you get a $10.6mm company that is ~$7mm cash (66%). Growing sales, global presence, positive market dynamic, no debt, a track record of building businesses that get taken over, some huge clients, first mover advantage in many ways. All of that is being valued at a net $3.6mm.
Why? Is it because of a few Grillionaires whose holding is of little consequence to them and has subsequently been sold down? Or are the promises and marketing strategies all just pie in the sky?

Am I missing something, because it looks like I am in a minority in thinking that this business is a good thing?