$.310 share purchase plan, page-352

Using Yahoo finance, the daily volume has been 8m shares or higher every day between 26Aug and now. Most day's were 12m+, with a high of 19.9m on the 1st of Sept.With $25m raised at 31c, there's another 80.6m shares to "retail" shareholders.

Many of these will have gone to shareholders content to hold them, but some will be no doubt sold on quickly for a profit.

The biggest pressure on the share price is going to be immediately after shares become available for sale. The capital raise isn't a particularly large multiple of the daily turnover, so it should be able to be shifted onto new shareholders fairly easily. If a chunk of the $18m refunded (53m shares at 0.34) finds its way as new purchases, that will help this reallocation process.