Webral,
yes there was 34m shares to underwriters but off the back of the 2 announcements (ie: in the last 2 weeks) 56m shares changed hands. Price didn't move from around 9 cents despite how positive they were.
Yesterday was first lower volume day and it started to move with few off screen sellers so I'm taking it as they have mostly sold out and it's ready to move.
May not be as tight as it was but The Exec Director has 54mil shares on her own - see annual report.
Buyers are building and sellers are pulling away at this stage so we'll see what unfolds. A day in the green would be nice today.
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daytrade diaries... november 13, page-35
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