Ann: Trading update , page-26

Perhaps you are right mljet. But consider If you were Bell Potter.. And you wanted to offload the shares how would you do it?...
In the instance;

A) that the company has a turn around and starts to profit.
(being the preferred instance by most share holders)

and

B) that the company doesn't.
Preferred probably by down rampers chasing cootie points on themselves.

IMHO, if it doesn't have a turn around I doubt this level will hold at all and there are many more shares than just the underwriters that will stack up at $0.001

and but if it does have a good turn around with future prospects then why would any holder want to put downward pressure on the SP.. and or miss out on an ensuing future growth period for further profits..??. Obviously the recent $0.003 buyers may have a different swing on it.
Point being, the company proves viability and ability, then bring in the over exposed investors to average down and buy it up to balance the books.

Its a fairly new underwriting and no doubt as all of us investors/ punters do they will want to take profits at some stage and through some mechanism.. If the SP gets stronger and they get that opportunity its not necessarily going to be an on market trade. Depends also on support volumes.

When April comes and the figures come out... That's when I'll consider if the SP is going up, down or as you say stuck for a while... Stuck at $0.004 for a long time? personally I can't see that happening on the back of news either way.

I think the existing market depth correlates well with the current situation... Just my opinion though..

Sorry, I flap my gums a bit but youz probably already guessed that..