I wonder if most of the selling is to do with the broker that has the task of selling the unmarketable sized holdings.
Would anyone have any idea the numbers of shares that the company has the right to sell and more importantly, how many is left. if I remember correctly there were about 6m shares in unmarketable holdings and I should think 50% of these would have been assigned to the company to sell.
Also, I am sure BJ does not want any of these sales below 10c as that would undermine his desire to encourage preference share holders to convert to ordinary shares at 10c.
Anyway, once those unmarketable shares have been sold then everything will be in place for a better refinancing deal and a new project signed to make the price head north.
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