It's worth keeping an eye on for sure. With the exception of panic selling/ stop losses/margin selling under 10 cents on Tuesday and a bit yesterday, predominantly only one real seller has been monstering the bids. It has been pretty obvious when they've done it and would be obvious if they continue to do it. As I've stated elsewhere, they have gotten very close to eating into their blocking stake, so I'm thinking/hoping that they might be finished - not guaranteed, but that's precisely why it's worth keeping an eye out.
If they are done then we are going to see this thing come back pretty healthily bid IMO . We saw something not too dissimilar when Wyloo stopped selling earlier in the year - wasn't much resistance left after that and the pathway higher was open - until the CR and the emergence of BMM selling down the 'non-blocking' portion of their holding...
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Open | High | Low | Value | Volume |
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33 | 55696881 | 0.002 |
16 | 69512753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 9336813 | 18 |
0.006 | 9047028 | 15 |
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