re: heavy selling I am still here also. Have been a long term...

re: heavy selling I am still here also. Have been a long term investor and thought price might stay around .24c after announcement.
I have also spoken with DH at length although did not get much information just how good HE thought HE was. In reality blind freddy could have put this deal together and it some ways it looks as though he did. By giving 76% to one party you automatically exclude ASX top 100, 200 and 300 from calculations and institutional investors (I think this is right). How can that be good for the shareholders.
The bottom line is that 2 Directors have a vested interest in a reduced share price so they can get their hands on their part of this deal.
For those long term shareholders you will remember another Director who had a vested interest and the share price went from .12c to .03c. It all appears to be happening again.