If you look at the placement press releases, $20m was raised in...

If you look at the placement press releases, $20m was raised in the original placement to sophisticated investors of which around 25% was taken up by the Gandel family. The offering to existing shareholders raised a similar amount. So the total capital raising was $40665397. At $0.55 per share that was around 74m shares. Over the last month there has been turnover of around 37m shares, so equivalent to 50% of all new shares issued. Presuming most of the existing shareholders would be longer term shareholders, as would the Gandels in the placement, you would think that most of the "loose, in and out, quick profit shares" might nearly have been cleared out.

On this basis, I would hope that we see the turnover now start to slow down and the long term holders sit back and enjoy the good news to come over the next couple of months.