Although Mike Thomas(and team) has done a brilliant job to get Isonea to where it is, I would love to know what has gone down between him & the Co. over the last month.
From reading the response to ASX query, my understanding is the "transitional period" which was to last until April 2014 has now been completed. Sudden turnaround!! There must be some bad blood around because the recent share trading turnover, in my opinion can only relate to Mike hammering the market.
If my assessment is correct, the quicker he is out the better. I think this 35 to 40 cent level will see the end of him. Bruce & mates will have no shortage of buying to mop up all selling at these levels. I do not believe that anything has gone wrong with the company in the last couple of months.
Hopefully Mike will come to regret his exiting from the stock at these levels just like Gavriely did a couple of years ago.
This is all based on the assumption that he is the seller.
I think the worst is over for now. Good level to average down.
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