That is probably part of it IAS but I think  a lot  of investors anticipated that there would be some selling of  some of the shares that were converted from the debentures. As we know management led by example and took down a large percentage of the first tranche (for which they had to  gain regulatory approval for to go beyond 25% of the financing). As I recall they took down close to  50% of that first tranche and have not sold any shares. Also we know insiders recently exercised options with Don Listwin exercising options at .84.

Again there has  been no selling by management. For my part I  have not  and do not  intend on selling any shares from the debenture conversion.