The frustrating thing is to watch the buyers getting picked off by an obviously eager seller/ or sellers. I wish this company would post a listing of the top20 on their website each month. I am sure there must be movement in this list. We know that the new Substantial shareholder has sold enough to have to give a change in substantial notice in May, that after a high volume day on 30 April. The previous trading update was 22 April which was an even higher trading volume day.
Today we cannot (or probably better put - its unlikely to) exceed the 22 April volume of 1,5 million - it seems buyers have had too many opportunities to buy this stock over the past few months. So despite the exceptional progress this stock cannot break out of 52c.
Really frustrating for those long term holders.
Everything you have noted should have pushed this share well up today but even great updates cannot do it right now.
SEQ Price at posting:
52.5¢ Sentiment: None Disclosure: Held
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