No it is not all bad ,and as your rightfully say the CR investors are taking their profit as was expected.
There will be a fair bit of trading to themselves , in other entities , so the volume can be a bit misleading.
They will wash through eventually.
Notice there has been no substantial holdings notices released by the company , so none of the 80M has been kept in any number by the CR investors , even with a large discount to CP.
I made a few phone calls today and I still stand by my posts that shares were issued at 4.267 cents .
If you applied for 1 million shares , you were issued 650K at 8.5 cents and 350K at 4.267 cents for an average price of 7 cents. No-one got 4.267 cent shares by themselves.
This is what I was told and matches up with the ASX release , make of it what you like.
GMV Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
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