Note the volume. 1.8M so far today. The seed (2.6M) was done at...

Note the volume.
1.8M so far today.
The seed (2.6M) was done at 10 cents, 1.3M will be escrowed, 1.3M tradable, expect a lot of the tradable ones to come out, if they haven't already. Typically a lot of the spread will come out too, note the number of 10,000 share trades going through.
In short, expect the sell side to dry up as volume goes through 2M. This one should kick to 25-30 cents readily thereafter.
These blokes are good operators, I don't see much downside at these prices.
Bought some this morning at 21 cents.