big dump, page-5

glennus, anyone trading on fundamentals would share your sentiment. This is definitely a speculator.

Given the 150m sell order (~$1m dollars @ 0.007) this is an institutional investor or a large individual. Most individuals would (I expect) trickle feed their sell, this looks like someone closing out a position. When a stock trades a normal day at 15m-30m shares, a big order like that will move it easily. Beware they are parked at 0.007, if I had a dime to spare, I would join the 0.006 queue just in case they want to close the position by tomorrow and take the balance of the 150m shares "at market". But not withstanding the "spooked", there is no reason it won't return to 0.007 and above next week.

Stacy230256, even though the news was "not too bad", it is nothing to shout about. A 260% increase is a great number when your EBITDA is $100m, but when it's $263k, it's easy to make it look good. If I was an institution I would be moving my money out and parking it into a non-speculative "bargain" to be found as a result of the market falling due to Middle East etc.