Its a terrible outcome that so many large holders were so desperate to get out. Over 20% off just since the ASX200 announcement and that was after an almost 40% fall in the two months prior.
We are definitely missing something.
Don't get any indication about what it might be from management (read Alan - who even mentioned the at-the-time-30% fall in the lead up AGM as a buying opportunity at the AGM). That was at the $6.30-ish range.
Looks like they made some effort to arrest the post-ASX200 announcement slide by throwing in the FAP announcement, but to no avail.
Disappointment with trial results? Disappointment with delays to trials? Profit-taking from the $2.55 brigade? These things were apparent prior to the ASX200 inclusion ...
How does the most aggressive selling occur in the face of forced buyers?
CU6 Price at posting:
$4.55 Sentiment: Buy Disclosure: Held
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