The selling is also unusual.....parcels of 1 share being sold for zero dollars. Lots of cross trades.
I believe a broker is acquiring stock and ramping the stock down to reduce the price.
Still very optimistic on TNT. No debt and revenue growth has been shown over the last 12 months.
All this talk of TNT going under is nonsense. 6 million revenue and no debt and with Geoff Lord worth 120 million a top 10 shareholder.
Share price is a shame but it wouldn't take much volume to push it past 10c. The drop has been on low volume. No buyers unfortunately because TNT is too small a stock.
My understanding is that the Board of Directors can't buy stock on market, to support the share price, due to it being a blackout.
TNT Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
