Folks, you are making it out as if there is a conspiracy or something more sinister happening.
Sundance put out a full investor presentation this month that outlined their future plans. They haven't stitched up any deals yet, and given the recent global turmoil "may" have difficulty in bringing in a partner. They have more hurdles to jump, and the process may have slowed down considerably. But at the end of the day, if Sundance management have nothing to report then we "wont" be hearing anything.
As for the large numbers of shares being sold off recently, that's nothing unusual. Many large holders divest themselves of holdings in companies, and its not the first time large holdings have been divested out of Sundance. Maybe they saw the retracement looming and decided to exit. Maybe they are selling the price down and buying back in at a lower price, "OR" maybe they are just taking their profits from shares they bought at a much lower price. Maybe GJ has divested his holdings.
Did you also notice that there have been some substantial buys going through at the same time?
If you have concerns about Sundance and the lack of information forthcoming, or fear there has been some massive dumping from larger share holders or maybe some conspiracy is at foot, I suggest you sell your holding because "no" stock is worth stressing about.
After all this is a speculative stock
We all have a choice at to whether we want to stick with them or bail out.
SDL Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
