Is he selling his Steemit Inc. shares too? I ask because you seem to imply that. If so, it might explain more and that could in my view actually be a plus. Still both his steem and his Steemit Inc. shares are both assets in the same business and in my book anytime the most significant holder of an asset sells a huge chunk of it shows his/her lack of confidence in the asset itself, which typically doesn't bode too well for the business.

I'm not quite sure I follow what it is you are dissagreeing with me on, as I just stated what is generally the way the markets view large sell offs by CEOs. I would agree with you if it were 5 or 10%, but we're talking a good 30% at this point with 354,351.591 STEEM liquid in his wallet ready to do whatever he wishes with at any given moment. No matter how we look at it, when a whale gets out of the tub too fast it causes the water level to drop significantly. It's my hope that he slows his sell off down to allow us plankton time to finish powering down before the price level drops further from the already 50% of what we bought in at.