Naveen, no one other than the sellers can understand the trading logic by anyone else, but assumedly its the shorter term traders exiting at the moment. I can see the shares trading lower again if the quarterly doesn't provide some immediate fizz as Xin has predicted.
BUT from a longer term perspective this is an ideal opportunity to build a lot of cheap shares, the fundamentals remain very positive plus the company now has $10 million cash.
Having held the stock 10+ years i can hold on a bit longer!
Ann: Appendix 3B, page-139
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 159466 | 4 |
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