Undervalued & Oversold..., page-77

BoA didn't take profit on selling physical shares as their average cost is about 93c according to the ASX sub-holder notice. But they are likely to make a killer on shorting 1PG. That's probably one of reasons price has been pushing down as open shorts were still about 4.8m as at 7 July 2016.

Price down so quickly, also triggered lots of stop loss and panic selling.
We had a similar situation when trading at 40c.