I was wondering the same thing. It hasn't been one dump, but daily selling over the last few weeks. Some of the sales are quite small which is strange - $500 here and there for example. I think there are a few possibilities.
1. Bad news on the horizon which we don't know about so those in the know getting out. Seems unlikely as there hasn't been much activity from which news (good or bad) could arise from.
2. Price manipulation - unlikely - who and to what end?
3. Frustrated holders exiting and taking their money elsewhere. This seems more likely. Although, given the relative stability of the SP until now (I think SP only less than 1.4c back in October last year), it will probably be at a loss.
The next quarterly is due out on the 31st of this month - hopefully there is substantive news in that, or an announcement of some description prior.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 107958 | 1.7¢ |
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Price($) | Vol. | No. |
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2.0¢ | 185810 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 107958 | 0.017 |
2 | 62000 | 0.016 |
1 | 35714 | 0.014 |
2 | 400000 | 0.013 |
1 | 300000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 185810 | 1 |
0.021 | 235000 | 2 |
0.023 | 80000 | 1 |
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0.028 | 591832 | 1 |
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