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If you have a look at just 2 days - 16 and 17 August - there...

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    If you have a look at just 2 days - 16 and 17 August - there were over 250 million shares traded on the ASX alone. Then on most days there is somewhere around 50% of the ASX volume traded on ChiX - so I would suggest that over the entire period it was far more than 500 million shares.

    I'm not sure what points you were trying to make - none of the things you pasted seemed to work properly.

    In any case, the point I was making was that with that many shares available to be sold, it is not surprising that the market dropped to the level it did - there is no need to invent theories of collaboration or concerted selling to foil the capital raising - the current share price is a natural reaction to the current market forces.

    To be honest, they were lucky to get the funding they did - the venture capital pressure you seem to allude to could have scuttled this if the timing were a little different. I guess that it is a mix of sophisticated investors that have put in the money, so they must have been convinced that it was worthwhile - so who knows what their reaction will be? My guess is that they will be disappointed ... but not surprised - like many others on these threads were.
 
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