again, very insightful with your one liners of personal attacks - what else one can expect from immature moron.
the speculation is always allowed and will be very high when the company does not act and releases an update to eliminate some scenarios.
and which part of the guessing is wrong?
we tried to guess who is selling and we had few options:
1. IG as this was the case in recent times - very legit.
2. A fund - also very legit.
3. Another large and distressed holder - also very legit option.
So option 1 is now eliminated and it is narrowed (almost as narrow as your intelligence) to a fund or private holder. It looks like a fund though.
Other speculation was - what is the reason behind?
1. Distressed private seller as some suggested but not IG.
2. IG for obvious reasons.
3. A fund that is caught short in liquidity.
4. Possible operational challenged at Tomie.
And this was only narrowed down once Nic released an update confirming BAU with the operation and the Ann today that IG bought and did not sell.
The other subject we discussed is the short selling and on this I think we are right - there was a short seller and most likely other small short sellers joint the feeding frenzy once the picked up the action - momentum trading. And this is clearly seen from the short selling report.
but then again... thanks for the great contribution.
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