So has this sell off been done to set a price for the placement.
So it looks like they have done a deal earlier in the week for a placement and most likely set a price around where we are, if this is the case it could mean a few problems for them as the info has obviously leaked or worse it has been a case of manipulation down in order to set a nice little price for them.
We will see what they come up with before the complaints go in.
If the price for "funding" comes in at .006 or .007 then it is a clear case of manipulation.
It's about time the ASX and ASIC stepped in to stop this sort of this.
Still we will wait and see, we may be surprised and see a placemt done over a cent which will be very positive at these prices.
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