SO far the brokers behind the placement have been very very week.
Not a good look going into the weekend.
But they live in a world they helped create. After seeing the complete lack of reaction to news over the past week, why would anyone outside the Churn-osphere bother to start buying today.
If they don't pull their sell orders and start wacking it up, they will not get the volume they need to churn out 40 million shares, irrespective of news.
The only confident and enticing indicator would be a rapidly appreciating share price backed by strong demand. 15 million traded and a faceless wall at 15 cents won't cut it any more.
Thirteen minutes to indicate wether they are going to support it - or bleed it.
IMO only
Good Luck
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