I have no idea but they are back again right now with another 40k at 1.14. Really need someone with access to the "level 2 " screen as they call it in the US, to tell us which broker is putting in the sells. Pity we don;t have a transparent market!!
It could be someone with a genuine reason to want cash in which case the price really doesn't matter. They are stuckl with trying to sell a big parcel of basically illiquid shares.
I suppose we should be encouraged by the fact that shares have been sold without pushing the stock below $1.00.
By my reckoning over 7 million have traded in the first two months of 2005.
John C
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held