Just another theory not saying it's true but very plausable
We all know a substantial holder has now been selling, look at the sells they are legit and are not 5mill dumps in one day they are being fed out in 300k-1mill odd hits as not to hurt their sale and a one off 2.5mill sell on the large volume friday run again not hurting the price and benefitting themselves "smart sellers"
What if another large holder/s who had the intention of increasing their holding fed off the substantial seller fear and p1 delay or wanted to trade large? make the sell side look heavy with single 5mill sell orders impossible for normal people to fill or knock over and make everyone second guess and jump ship he/she/they would be laughing right now.
Cast your mind back to 2 weeks ago when we saw the similar 5mill sells drive the price down from 2c range into 1.5c low and then come that friday opened at 1.8c to close at 2.7c Monday on highest volume for years?
I see a very similar pattern emerging but this time there is more fear/uncertainty to work with and potentially more 5mill sells to stack from their/his/her holdings.
If this theory holds true we should see them topup off oversold fear/uncertainty and pump price on p1 cutoff hype this week.
just a theory Turbo
GCN Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held