Its not a bot but an algo offloading shares from the placement. Theyre not going to do it in one big dump but looks like over a few weeks at this rate. I thought 10c will be the bottom but there just isny any buying demand with another rights issue that SM seems to not be able to get out of the way quickly
not sure what theyre waiting for an even lower share price which agian is poor management. May even get canned at this rate possibly look to raise again before flow test begins if this is the case.
IVZ - General Discussion, page-1433
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