"The shares 'spilt' into the market because of forced margin...

"The shares 'spilt' into the market because of forced margin selling, has probably created additional liquidity to assist in churning stock at these lower levels. Retail punters are now possibly being herded by what looks like artificial bid stacking to ensure that the share price remains flat. IMHO, Tsun Tzu would be watching in awe as the MD's strategy around a bullet proof jorc has been confronted head on, and with devastating consequences for genuine holders."

Maybe Occam's razor may be more apt than Sun Tzu here...