FCS SOFTWARE -SMART PROMOTERS

More than once I have recommended investors to stay away from stocks like FCS Software.When we go through the share holding pattern of this company over the past few qtrs ,we will get a clear picture about the happenings in the company.It is as follows:

Period     Sh. held by promoters     % of pro.holding     Total sh. 
                                                                                    holders
June 09       9798428                            67.68                  9258

Sep 09       8298428                             57.32                  9344

Mar10     165,968,560 (Post split)         31.34                  55602


This trend clearly indicating that promoters are offloading shares and it is distributed among general public

Need more explanation ....????