Unless some large buyer steps up to absorb the huge number of...

Unless some large buyer steps up to absorb the huge number of shares that Global X is required to sell each week over the next 4 months, PEN is going to keep dropping in price until such time as Global X has finished selling. Two parties have controlled the price over the past 6 months, being GX buying up big to just below 50c, Blackrock selling down to around 30c (wonder if it had inside advance knowledge of Solactive's change of index and that Global X would undergo an index change so that it will be tracking Solactive?), and now GX selling. There will be a time to buy this stock again but it is very difficult to go against the current incessant tide of the second largest holder exiting its holding.