I think the sell off is largely tax loss selling. If you got a 50% loss on this (which is actually small % given it spent most of its time above 10c over the last 3 years), but gains elsewhere there is a concrete $ value to realising your loss over the next two weeks to offset tax gains. Selling could accelerate as we get closer to June 30, but I would expect a small rebound early July.
Ann: Structural Interpretation Resolves Controls at Twin Hills, page-19
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