Not sure if any selling from last raise that closed on Nov 09. Participants have to hold for min, I'd have to check but I believe it's at least 90 days, possibly more before being cleared for selling. Plus, anyone that participated in the last raise would be bullish and I can't see them wanting out so quick. Especially when they're in the money.
Someone may be selling from a previous issue. That's possible.
Either way, we need to break 1.25