Who is dumping, page-6

I called this over a week ago. Said it might go as low as 2.5 (that's where I have a hopeful buy order, which the budget is waaaaay stretched for but anyway).
With the rights being converted and issued today/tomorrow the stock becomes diluted by roughly 15% and we will see some people selling their new excess shares for a quick buck. Lots of traders will sell before this dilution kicks in because they're not looking to hold 'long term' for the stock to recover from dilution (which I don't think will actually take long).
This time I don't think it's just LIT, but I wouldnt stress, this was always going to happen with new shares being issued, it's just a bump in the road. Announcements soon and this will be a distant memory.