I suspect this has to do with the US OTC market volume...
Brokers over there may be accepting buy orders from clients, and effectively sell stock (for example, last Friday) that they do not have.
They then come in and buy in Sydney the following session.
They try not to move in too aggressively when covering their short ... but if the momentum goes whooooosh, and they've not covered, sometimes they panic.
That's my theory any way.
I know a guy called Peter Schiff who runs a brokerage in the States that specializes in buying foreign stock for US clients like this.
And, how shall I put it ... let's just say he told me a few stories of how badly some of his competitors sometimes botch these things.
ERH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
