The buy line at 0.1c was about 100m shares two weeks ago. People have been dumping shares into it. I believe yesterday was the first time the buy line reached 0 and it has been refilled by a few people since.
As for why people are buying - a 1 pip increase will double your money. Any sort of acquisition or closing the KDL liquidation issue should achieve that. Of course, the risk of buying at 0.1c is further dilution from capital raisings. I would also imagine that if there was a share consolidation at this point it would only lead to people selling down to a market cap under $1m.
WFE Price at posting:
0.1¢ Sentiment: None Disclosure: Held
