Waiting ..., page-4

Thanks Maxtiger for putting it from a charting perspective.

The issue here could be attributed to a combination of past (Swish/AdEffective) and present problems with a flood of cheap shares onto the market, e.g.:
- ~100m shares issued to Patersons on 13 April 2012, with ~73m shares at 1.5c and same amount of free attaching options;1
- Another ~75m options at 1.5c which were converted to shares before 30 June 2014.

Begs the question which ones of the "sophisticated investors" would take up the doomed 3c placement early last year and why. Well, at least Patersons were rewarded with an underwriter's fee for their hassles.

Whilst overall volume has dried up (recurring theme after a positive 4C is announced), there has been at least ~430m shares traded in the past 12 months. Time will tell if the ~250m shares at 1.5c have already been and still being churned through.

The company has already gone out at last year's AGM and stated that it won't be a sustainable, cashflow-positive business without turning over at least 30m a year. Simon doesn't look like he's doing himself any favour by sitting on the cash since April last year. With that it's highly unlikely that a nano-cap like SHP would attract any institutional interests to bring another big player to the table, and therefore someone continuing to short and take advantage of low trading volume.

On a positive note, like I said the big boys are not in the business of holding shares in the long haul. With this sort of holding one would need a major announcement to pump up the volume. If not the price would then have to be much higher so these guys can cash out their substantial holdings. At the end of day, one could subscribe to fear and sell out at bottom, or buy up before the big boys make the move.

Your money, your call.