There are 4 possible reasons the share price may not go down. 1) is as goldnugget says. 2) Trolls will tell you that the company is run by muppets who couldnt ramp production. My view is that the Mx are pretty wiley coyotes and the fact that there was a major announcement the day before the SI shares hit the market is not coincidence, so 20mln shares were soaked up and pushed the price up, not down. I would be surprised if there was not another major ann on the 25th, something from left field maybe like a supply contract with Kore Power for example. So my feeling is that this is a well orchestrated CR campaign.? (who knows).3) many day traders like Blackbeard have sold down all their shares @circa $1.20 with the intent of buying back at circa 80c. So there is probably 5 to 10mln shares just waiting to be bought back up to a price of circa $1.20 before they havent made money. So if the price doesnt drop there is going to be a flood of money coming back in. 4) a lot of SH like myself have already sold down shares to meet my allocation. I needed 124K to take up my lot and only had 100k on hand so I sold down 24k worth at 79c which I thought was a good price at the time. I am happy with my new shares at 29c and have no intention of selling any as I suspect the SP may well be $2 by Xmas. 5) just possibly also the money coming back from people chasing more than their allocation will be available by the 26th. I didnt sell down more shares and then apply for extra shares because I didnt want to have the potential of tied up money and I felt there would only be a handfull any way. So logically the share price should drop: since when has the SP been logical?.All will be revealed on Friday!!!!!!! da da dant da!. Feral
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4 | 164440 | 0.685 |
19 | 202323 | 0.680 |
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Price($) | Vol. | No. |
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