neg, this is pro manipulation. The sophs are underwater so would selling at a loss if they were selling. And any soph that bought at 6c and was selling at current SP, would not or SHOULD not be a soph.
I guarantee you they'll not be in the least bit perturbed by the current SP or the daily flucs, especially on fark all volume.
Pro's are simply at work and doing what they do so well - not just distorting the SP after a raise but more importantly, manipulating the psyche.
Punters have a choice - can either agree with the above and buy/hold or disagree and sell.
Technically, next MAJOR resistance after 6c is 8c.
I'm in this for the fundies - imagine if they announce more sales during that time. Or even better, consolidate more sales from an existing client.
The flush is flushing. And I repeat, current SP/market cap a joke IMO.
BLG Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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