what they know is they have lots of shares and they want to sell them, as pic has said before this is the elephant in the room.
when you did not pay for your shares whatever you get is profit, its obvious they dont care about the price at all, its a big win for them whenever they sell.
perhaps the board can do something ? they should fire the person doing this because they are not acting in shareholders best interests, but this may be at the top so what happens then ?
sad to see the price drop so low but it may be a good time to buy again.