$ARIS: Wynnfield's selling responsible for 44% of total vol over last three mos.

As of May 2015, Wynnfield owned 1.25M shares ... http://goo.gl/CdbLJu
From end of April through June, they sold 420k shares ... http://goo.gl/wUSC7p
Over this period, they were responsible for 44% of ARIS total volume, which would be a big overhang on the stock ...

Date Wynn Tot Vol % of tot
4/28/2015 48,049 61,500 78%
4/29/2015 112,515 120,800 93%
5/7/2015 30,680 45,400 68%
5/8/2015 45,381 56,900 80%
5/11/2015 6,600 12,700 52%
5/12/2015 4,300 32,700 13%
5/13/2015 37,366 49,800 75%
5/14/2015 8,511 68,200 12%
5/15/2015 14,874 68,100 22%
5/18/2015 155 16,900 1%
5/21/2015 827 20600 4%
5/27/2015 711 11700 6%
5/28/2015 2,092 20,500 10%
5/29/2015 14,704 18,500 79%
6/1/2015 2,399 25,700 9%
6/2/2015 1,215 5,900 21%
6/5/2015 4,415 34,900 13%
6/8/2015 1,297 7,300 18%
6/9/2015 6,209 8,700 71%
6/10/2015 8,031 17,800 45%
6/11/2015 10,460 66,200 16%
6/12/2015 44,700 73,600 61%
6/15/2015 1183 19000 6%
6/16/2015 9,769 27,600 35%
6/18/2015 980 9200 11%
6/19/2015 516 5300 10%
6/22/2015 148 48300 0%
6/24/2015 293 5600 5%
SUM 418,380 959,400 44%

... they still own ~700,000 shares, which they may continue to sell.

What do they know that I don't? It's an important question given that one of their analysts is a former director at ARI and they also own shares in MAMS, a competitor to ARIS. But I've met Nelson Obus who runs Wynnfield - and while are both diehard Eagles fans - this might just be a simply situation where we disagree on a stock. For sure, the stock he's been accumulating based on his filings - GLYE - is one I have looked and see no interest in owning.

So even as ARIS floats around these levels and with overhang from selling there are questions and concerns for mgmt that still remain to answered ...
what is avg ticket / customer and how that's changing with the new products and services?
what's the avg rev / salesperson and how's that changing, etc.?
and what do they plan to do with the cash they raised selling shares below market value? that share sale should be extremely disappointing to all investors.