Great news, the former insider of Turtle Bach (Hear) the stripes group had a 2.5M share stake in the company of which around 750k shares were still owned as of that writing. AS mentioned in my report posted on pages 404 and 406, they also owned a subordinated note for $5M and owned all the preffered shares for Turtle Beach. In Q4 Turtle Beach paid off the subordinated note with cash flow, bought back all preferred shares, and when the preferred shares were bought back the owner of the Stripes group (SGVBT) left the board of directors.
This group is now completely out of the picture having sold all of their 750k shares over the last 2 weeks including 340k shares today.
This is what consistently dropped the price as they had sold in every rally for the last 3 months. This was the security blanket for the shorts. There are currently over 70% of shares shorted. They now have nobody to quell rallies. Below are all the shares Stripes has sold since January.
SG VTB Holdings, LLC
2019-01-15
59,816
2019-01-16
62,424
2019-01-17
58,636
2019-01-18
500,000
2019-02-14
111,100
2019-02-15
137,825
2019-02-19
53,239
2019-02-26
20,014
2019-02-27
40,909
2019-02-28
140,000
2019-03-01
145,000
2019-03-06
43,882
2019-03-08
34,866
2019-03-11
43,713
2019-03-12
341,845
No man in the wrong can stand against a man in the right that keeps on a comin'