I will take a guess and just suppose that most of the selling could be from the placement entity...they can sell shares they dont ownm short while driving down the share price to give themselves a better placement price while assuming no risk in shorting as they can cover with their new shares from placement...a win win for them and a big lose ,lose for us.

I still cant believe a company would do two placements while NOT fixing a price...its as though the company wants to fail....amateur hour....we need management like LWLG with 10 times our market cap...IMO