Broker Data:
Monday - Wednesday last week. CMC markets and Comm are retail. Constitute most of the buying selling.
CMC markets most likely 1 seller for 100k units at a time. (Sell volume 500k divided by 5 trades). Average sell price is 4.8c
My take on this is that CMC markets seller want's out and is not looking to accumulate. Forcing the price down is a very risky strategy for such an illiquid stock and I would say highly unlikely. Either they wan't out quickly or they are not exercising a very good exit strategy, as an exit price of 4.8c is too cheap in my opinion.
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