Fact is the SP is down to 3/10th of stuff all, they have creditors due payment before 30th Dec and desperately trying to raise more funds. Not only that but looking to dilute investors equity by an astonishing 2b shares, to raise 6m when the MC is only 5m.
Who is selling or buying is fairly irrelevant in contrast to the dire financial situation the company is in. And of course Netflix launch in just over three months, even though some rampers thought would never happen.
Cashe; won't want to see their holding diluted to almost non existence just like anyone else so not surprising they are trying to jump ship while they still can. Why they ever invested in a company like this in the first place is astonishing, the writing has been on the wall for years.
