Ann: Heads of Agreement with Curtin University, page-23

Why do you hold still hold? or is that not the case? What do u mean "much lower"? The stock is at 1c from a 10c high. FWIW, the great majority of those share are held by people who are long above 6c. The coy listed at 10c. Since then the management structure has completely changed. The burn rate has been brought under control. The product had been refined and their is now a growing pipeline with light at the end of the tunnel.  Unless they want a tax loss why would they sell at a market cap of $9m when the coy finally looks to have some traction with suppliers to facilitate demand. If you bothered to attend recent events and did some research into the coy as it currently stands I would dare to say your humble opinion would be different.
Eitherway, if shares are sold, it really doesn't matter in the medium term, as long as revenues start to grow and contracts are signed. IMHO.