Volume has fallen so much since Perennial finished selling, look at todays volume so far, went from 10 million units in the mornings when they were dumping, to now not even 300k in the first hour, less than $5k AUD traded so far today, interest just not there.
I look at this relatively positively though, big sellers have finished, anyone who was going to be forced to sell due to margin ets would be done at this point, we have seen lows been dumped on, a lot of negative sentiment, substantial holder dumping millions into lows, yet still managed to hold support.
All its going to take is a bit of action from management and positive news, to get the SP moving back up, as any new interested investors now will not have a huge seller like Perennial Value Management offering supply.
Selfishly I wanted to pick up some more lower, however think we will be back up 2 relatively quick.
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