Now I know you’re a paid basher. FJ posted this as to why he may have sold some shares. You naturally decided to continue with the conspiracy crap. Move along 

He has 500k options at .28. He might be trying to get those options exercised before the share price goes up to limit taxes? He is half way to having the cash to exercise those options. 

But regardless right now he has 1,869,822 common shares (according to SEDI) and a total of 950k options.

Or he may want to participate in the 4th tranche which might be available to him. Don’t know but it is not something the company would normally comment on. 

Right now has almost 3 million shares when he exercises the warrants.

Ultimately he may just need or want access to some of that money now rather than wait. Also he probably gets a break on taxes as those shares had a book value of $1 from the sale of the company.

If there is a 4th tranche being taken down by institutional investors the share price is where it needs to be to meet regulatory requirements. So there might be an angle to this whole thing that works for the company’s needs.

Bottom line though is that no other insider is selling and they were very big participants in the debenture so whatever the reason I don’t think it has anything to do with the big picture.

And regarding the technology update. It would not surprise me in the least if part of the condition of the sale is they have to keep what they are working on with DL quiet until the sale is complete. It is a picture that is very big and the last thing they want to do is violate any of the conditions leading up to the sale. There is much more on the line than just the sale price of the DL.