$610K conversion at 1.57c (more than double the size of the most...

$610K conversion at 1.57c (more than double the size of the most recent conversion). 38.8m shares issued. That's 39% of the issued CN's converted now ($1.63m)

93.3m total CN shares issued to date, at average conversion price 1.73c, bringing total shares on issue up to 997.7m

There was another 18m issued earlier in July for 1.62c. (the rest were: 23.6m issued in June at 1.9c and 21.1m issued in May at 2c)

I'm guessing much of the selling into recent announcements were these shares. Delayed 3B's are fairly standard with these guys, and increased selling volume has been a leading indicator of a 3B