If there wasn't a significant sell off by an insider, it very well could be because there is not enough liquidity in the stock and they can't get a counterparty to do an off market transfer. If you hold a significant amount of shares in a penny stock, it becomes an issue to trade them in any meaningful volume.
Just a thought for consideration, not saying its the case in this instance.
Ann: Operational Update, page-77
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0.5¢ |
Change
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Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $13.33K | 2.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 30866282 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4939993 | 6 |
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