fair call but i'd say if you look at the timing Portfolio Partners probably needed to get some cash in the door, it was right on the occurence of the crash/correction/fallout whatever you want to call it. That was my initial thought at the time anyway when i read the notice but i will do a little more research to see if i can find a better answer as you do pose a legitimate question.
obviously i still stand by the stock, my reasoning here would be that it was only one holder selling down and that the chairman bought on market at $1.40 a week or two before.
i'll see what else i can scramble up on PP.
cheers Davo
AXM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held