Not sure but if I am correct a holder of say 700K would be just out of the top 20 or it could be a number of players but more likely that someone decided to get out or has a tax bill seeing as its almost June. Sometimes selling doesn't mean that it's not improving but more that you need to liquidate cash. This market at the small end overreacts to both sides in my experience.
Personally, I am not concerned about the SP. Really it is what they have sorted out by year-end and the plan for the future. So really they have a few good opportunities - like FNN now that "your Money" has been cancelled that should be a good prospect to pick up some of that audience and promote and interview more companies. I would hope they talk to channel 9 which had recently put Your money onto their free to air. Don't have to run all night or day but putting together a 3-hour program should drive revenue. Even if they just drive a web-based channel.
SEQ Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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