The two directors shown the door today had little and no shareholding so I wouldn't assume they are the cause of todays massive volume.
Friedland & Reeve are the only directors with large holdings (about 9m between them) and I wouldn't think they would choose all-time lows to begin dumping.
Looks to me like we have an 'orderly' exchange of shares from the desperate seller to the astute buyer. 7 million so far traded and the price remains stable ... this would suggest maybe a deal has been done.
Perhaps the long down leg of this rollercoaster will soon be over ?
IVA Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
