You need to beobjective and make your justification in proper...

You need to beobjective and make your justification in proper context.

The shares outstanding is 1.1 billion shares. Of course, 6.5 million shares is a very tiny percentage from total shares outstanding. However, please note that 1.1 billion shares are not traded daily. Hence, it is not relevant that you use 1.1 billion shares outstanding to justify for the selling down of 6.5 million shares on last Friday.

On average trading volume in the last 21 trading days before the selling down of 6.5 million shares on last Friday at 0.028, 0.029 and 0.030 was only 1.8 million shares. Compared to its average daily trading volume of 1.8 million shares, the selling down of 6.5 million shares on last Friday was ABNORMAL which was 3.6 times of daily normal trading volume in the last 21 trading days. You learned statistics in high school and I believe that you understand what it is meant by this figure. Without prejudice, the selling down of 6.5 million last Friday occurred one trading day before the official announcement of the delay to end of Feb 2020. Recall: there were no trading on Saturday, Sunday and Monday.

The question is who are those sellers. Are they really smart and they were able to predict accurately the delay which was officially announced on Tuesday, 28 Jan 2020?

You are a smart person and you should be able to figure out.

This is not investment advice.