ASX figures only: From 16/09 to 30/09 when the share price rose...

ASX figures only:

From 16/09 to 30/09 when the share price rose from 3.5c to 5.6c there was 447 million shares traded at an average of 4.7c or $21 million worth, 20% of MC.

Since the high of 5.6c there has been 343 million traded.

So if we assume that all buys were held on the way up and then sold on the way down, there are still 104 million shares still being held.

Yes I know some shares may have traded more than once etc but that can balanced by the probability that some of the shares sold since the high were bought before 16/09.

Figures are indicative (IMO) that the current price has over shot on the down run.