Ann: Share Issue to Pioneer Resource Partners and Market Update, page-56

Been pretty quiet here last few days so I thought I would ask a question to improve my knowledge about how these things work.

It is obvious the drop to 5 cents is due to the delay and PFS downgrade news and the purchase plan being at 5 cents.

At the same time it seems most people still believe this is a viable business and this is "just another" delay.

So what drives the push lower into the 4s?

Is it people still bailing, or tax loss selling, some sort of bot thing or something else?

Happy to be educated on the machinations of these things if anyone has the patience to enlighten me.