I would assume KBC are selling to reduce their MEL exposure to compensate for the $2.5M increase in exposure following the debt facility. Sensible risk management. Under the debt facility KBC has 96M options at $0.025 so their upside potential has increased, despite selling ~10M shares in the last month.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 17475499 | 0.002 |
7 | 54300000 | 0.001 |
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Price($) | Vol. | No. |
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0.005 | 7571797 | 8 |
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