I suspect there will already be stale bulls who bought in the 4's today hoping for a trade, and many retailers (like us) who bought into a great developing story at what has transpired to be too high a price. Sadly it seems like the register needs some work to transfer stock to stronger hands, any accumulators will have had a field day today and will look forward to a few shakes of the tree, could be more short term weakness prior to a sustained run upwards - always interesting when the price is forced down a pip in the auction by 1 share.
@bonkers89 any thoughts on todays ugly candle? I sincerely hope the company announces partnering deals in teh very near term. I just don't see how this is valued at just $16 million currently, if I was a HNW individual with the capital to spare I'd look to buy a few percent of the company. 5 cent options for the inventor also looks a bit rough (even with the long expiry date) unless there's a serious price/value mismatch occurring, which I still think there is.