A few summary points below - they are as shocked as we are (no surprise there) - they ran the PFS by a number of brokers/advisors over the weekend prior and had positive responses (nothing like what we are seeing) - the dumping is largely retail, with one or two parcels of 4-600k from instos that have been in since pre 2006 - they have contacted all the top 20 holders/instos, who arent selling - They believe the majority of the issue is retail investors not understanding the difference between spot and long term prices resulting in cascading stoplosses/panic. - A number of the top 20/instos are buying - they have advised they are mostly just soaking up volume without trying to affect the market (obvious - big fish snapping up small fish) - There has been buying out of canada today on market - There is a company trading policy which prohibits trading until 48 hours after a price sensitive announcement. Read into this what you will.
BMN Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)