So the sp dropped by 6% on less than half a million shares traded today, imagine how far it will drop if he starts selling his 32 millions shares.
If it's me who own the shares, I'll probably salvage what I have left and start selling half of them, and gamble the rest hoping the new management can turn the ship around.
My prediction, there will be lots more bad news by the new management blaming the old management for the next 6 months before we can even see any light at the end of the tunnel (if any), so the sp can easily halved from where it's at now.
I might consider gambling my money when that happened.
My opinion only and DYOR.
FIG Price at posting:
8.4¢ Sentiment: Sell Disclosure: Not Held