For those that think this selling is margin related please let me know which broker is doing the lending.I don't see any broker lending on an at best .12 cent stock.
Simply doesn't happen,they have a reputation to uphold.
Way more likely related to extra stock on the market, a perceived weak global outlook and a re calculating of fair value taking into account those extra shares.
All stocks are down across the board ,the market at present is one sick puppy.
And it has been for some considerable time.
I am a shareholder in Fonterra and they are currently looking to sell their most iconic brand ,ice cream manufacturer Tiptop in an attempt to reduce debt.
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