OPTY...I agree with you...if the sale of shares by Swartz occurred only during good news run-ups then for sure there is major effect on the PPS holding it's gains.
Even more so if Swartz ONLY BEGAN TO SELL into the market AFTER his warrants were retired in November. If that is the case, then 14MM+ shares sold during that, less than 40 day trading, window in November and December would have had an even greater effect on the PPS. His number of shares disposed of during that period would have been a highly substantial percentage of all trades. If we carry that over into January and now 1/2 of February I'd bet Swartz has disposed of even more which would explain the price collapse to this point or at least the PPS being so neutralized near this 0.40 cent range.
Just an opinion and obviously open to correction.