Definitely frustrating. At least they're selling out now, and...

Definitely frustrating. At least they're selling out now, and they won't be selling on hopefully good news when Xanadu is announced.

From memory, around 300m shares ended up with sophisticated investor clients from Forrest Capital in placements at 1c, 2c and 4c over the last few years. So any of these holders that haven't already taken profits might be selling now to de-risk prior to Xanadu results. Not many other investors would be in enough profit now for that to be worthwhile.

The other possibility is that Fidelity is stacking the sell side while they continue to accumulate.

It can't go on like this forever though. Surely the sellers will disappear one of these days and the buyers will continue to roll in and push the price up.