You are correct. Predominantly convertible note holder selling since August 12th. Selling in the morning, between 250 - 300,000 shares at a time.
Broker data never lies. If my calculations are correct, Magna has another 3.8 million shares to sell. I'm very surprised that they are even willing to sell their placement shares at 2.5c at these levels.
Any positive news in the short term, though, will churn through their remaining shares and imo we will see blue skies. Our market value is still peanuts.
MNQ Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held