Im not sure if there is any conspiracy theory. I think we just need to be aware that around 1 billion shares were issued to existing holders at around 1c or whatever it was. To me that means that at current levels anyone who originally bought in at 8-9c or less can now get out and break even or maybe profit if they took their rights issue? Some have been underwater for a long time. I think when i first got involved they were around 8c with multiple potential partners etc etc. To be honest the selling actually seems quite tame at the moment considering last 6-7 years. A good sign that a majority of existing holders with the chance to get out are still holding on.
PYC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
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