The result is absolutely atrocious.
I hate it when I am correct at predicting a downside drop of 25% but then gets exceeded to downsde while I am a holder, and the relentless selling has indeed arrived without a doubt. With 8.4M traded just on 11am within 1 hour and over $500k value traded for an avg of 6.2c, the mass exodus has arrived and we will likely see a 10M+ volume trade day, but unfortuately its on a selling day instead of buyers driving price action.
Where to from here? Short answer, not sure. Delays have compounded. Do we have any belief that Ian can turn the work in hand to paying receipts anytime soon anymore? Does this company have a future anymore? For all the high margin offering, if no one is buying, is there something wrong with the product or the sales team?
All uptrends have switched to downtrend, the big gap down from 8.3c to 7c and now sitting at 6.2c has completely wrecked all bullish price action.
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