Whenever someone sells at the bid someone is buying, so in that sense you are correct. Whenever there is more selling than buying the price declines... which is what is happening here. I don`t think the selling makes sense but it is what it is. Although sifter makes some good points I do not think that folks are selling because ``there are no royalties``. We`ve probably got over $100M in revenues to date (split with TPL of course) with much, much more yet to be realized. This selling is nutz if you ask me. I think a better reason for the selling is because of the recent S8... investors think management is selling those shares so they`re dumping. If everything is normal at Patriot I just don`t see management selling here, BWTFDIK.