Another interesting day’s trading, but this time in the other...

Another interesting day’s trading, but this time in the other direction .

So…what to make of it?

Volume wasn’t paltry, but wasn’t large either…around $120,000 worth of shares traded. The share price seemed to fall quite quickly and suddenly when most of these were traded in the middle of the day.
A few speculative scenarios…

a) an insider with knowledge feels fairly sure there is no take over offer coming, and so has sold.

b) it’s someone like @bluetech, who isn’t sure what is happening and has decided to take a profit while it’s available.

c) Mr Kanji himself is doing some strategic selling, to drive the price lower to make whatever price he has in mind for a take over offer more viable.

Of course, it might be just a case of “more sellers than buyers” on a given day in a relatively lightly traded stock, and there is actually no point in trying to explain it.

Guess we’ll just have to sit patiently and see what (if anything) happens next