CAE Chart, page-154

Thanks Bruce and spent a bit of time thinking about the situation as really it is a few shareholders that are controlling the price. I believe someone bought big at around 18-22cents and is now offloading these. They are selling any trades above 30 cents as have made a nice profit. Also they will participate in the CR at around 32-36c which likely will be announced in the next month. They therefore will try and reduce their exposure before putting another 1.5m into the company for the Capital Raising. This is when the share price will take off and they will take the pressure off pushing the price down. At a certain price whey will start selling again probably 60-75cents. I doubt the sell down will be as harsh as before and doubt there is much downside below 30cents currently. This is however the game that they are playing in my opinion from what I can see.