I'm still of the opinion that the price was manipulated down by all and sundry to take advantage of the anticipated listing. Call it conspiratorial if you will but it seemed fairly transparent to me the whole time.
In the current economic environment, new investors would want as many shares at as low a price as possible if they were going to commit. Some existing holders expecting this have done their best to exploit the opportunity to get out and in again, making sure to sow as much doubt as possible so as not to get caught out paying higher to re-enter. Every possible negative angle you can hang your hat on has been aired in public every time positivity seems to build up steam again. Fairly shameless contradictions, such as directors have too much exposure AND directors arent committing enough to cap raises have given away enough information for me to make this assessment, and i've made it over and over again since such commentators appeared and started making regular periodic posts.
Let's face it, the volumes speak nothing of existing larger holders, we hotcopper investors are largely the architects of our own demise here, the small pool of retail investors who listen to each others thoughts and make decisions that are amplified during the low liquidity phase.
Someone mentions the stockcode on the daytrader thread, stock goes up 20%. Resident manipulators make authoritative sounding negative posts using language such as "governance", stock goes down 20%.
Meanwhile the silent majority sit it out and wait for this transitional phase to end.
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