Some thoughts on the sell off: I note that former substantial shareholder Acorn Capital has sold a significant stake in the company - and has taken nice profits. So it could be further divestment and profit taking by Acorn. When a substantial shareholder takes such big profits off the table shorters often jump on the bandwagon to drive prices further down to maximise their profits. If this is the scenario it will only be temporary. Look for a quick rebound once the selling abates and the shorters are forced to close out their positions.
There is nothing untoward in the last company report to sound alarm bells - quite the contrary in fact.
Nothing like a bit of "panic selling" to line the pockets of the shorters. Happens all the time as weak hands sell out. The rebound will be nice.
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