I'll take a wild guess and suggest that the Beetons have sold shares on market for the following reason.
Rather than do a dilutive cap raise (they suffer the most from this), they have sold their shares on market to third party investors. With this cash, they have lent it to a "friend" who has bought shares as the sophisticated investor (i.e. the recent placement). This way, the company raises cash and the owners don't get diluted.
The quarterly now becomes all important - activities and cash position - and they will need to start generating cash quickly to prevent a cap raise. It could re-rate quickly but happy to bet against this in the short-term as there is a lot of stock that will be happily sold at 0.4 and above.
SEQ Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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