My take : automatic programmed stop loss selling from trader accounts after the two big red candles the previous days.
It has also been a very messy series of announcements, modifications, and explanations of modifications. Management might just be responding to ASX reporting requirements, but the date changing and who gets what mix of bonus shares and options depending on whether you were a "sophisticate" or just a lowly shareholder waiting in the wings hasn't helped.
PIL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
