Ann: Magmatic Board Changes, page-165

I agree with all, except for "most of the serious investors already left. look at the volumes now. Remember the big selloff when MAG moved the the dates on that table. The selling was relentless"

The 3 largest spikes in sale volume since July accumulated to less than 10M shares traded (ASX volume data), and for every seller there is also a buyer. There are 254.4M shares outstanding (currently, acknowledging dilution since then). The share churn has been a small percentage of the overall: so I would assume the major "serious investors" are for the most part still holding whilst speculators are trading in and out.