Hi Fred,
lots of trapped shareholders - like many micro caps that have fallen by the way side.
They seize the opportunity of a liquidity event and sell at any price. The view is to deploy that money into a more productive investment.
Eventually quality buyers will return to these bashed up assets and by then the trapped holders will be long gone.
That is when a stock can run freely with no 'overhang'.
DYOR
Ann: Additional High-Grade Gold Intersected in Eastern Goldfields, page-8
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