$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.