Insto and brokers have been pumping and pushing the SP up for the last few months to now dumping to get rid their huge holdings for a nice and tidy profit. They got in early in the 20-30 cents mark and some brokers were paid in shares in the early CR.
MC of $1 billion at 90c- $1 per share is far too high. I would expect SP to continue sliding due to continued profit taking from sophisticated investors and brokers.
Time to get out and wait for dust to settle before getting back in. AIMO
ISX Price at posting:
93.0¢ Sentiment: Sell Disclosure: Not Held
