Oscar makes a valid point regarding the sell down (also good move on your profit taking and top up).
I have another theory which perhaps some more astute investors may correct me if I am wrong.
Reason for possible sell down after the early increase;
Correct me if I am wrong but I believe that there are options to purchase approx 9.5M shares at 5cents that expire on the 31 December 2010. Perhaps one of the major shareholders does not want these options to be exercised at 5 cents thus diluting that major shareholders position. Thus, this major shareholder is selling in order to ensure the SP does not exceed 5 cents prior to the 31/12/10. This shareholder is selling above 5 cents and can buy back below 5 cents.
I am an new to ORD, and appreciate all the comments on this forum.
Good luck to all holders.
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Oscar makes a valid point regarding the sell down (also good...
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