Agree with the above, would have thought like yourself that there would be little movement but to see such a large retrace and on volumes of $50k-$150k a day it certainly makes me wonder...
not wanting to fuel the downrampers but if they want to provide insight then by all means do.
My thoughts, which are IMO and need some more time to properly research are
1. Sellers may be the shares that were issued in payment of services rendered and they weren't prepared to hold any longer? Or employees? Not sure how often this was done or how many shares they have but if they are free carrying then could be just to free up some cash and others are getting scared?
http://www.asx.com.au/asxpdf/20140912/pdf/42s5yy438x27xp.pdf
2. Previous cleansing statements stated the issue price, not sure why the latest doesn't but I believe it is at 10% discount to previous 5 days so could be as low as 1.2/1.3? Latest http://www.asx.com.au/asxpdf/20141111/pdf/42tn41bzkjps91.pdf
previous
http://www.asx.com.au/asxpdf/20140317/pdf/42nfxn9jc2wxl2.pdf
http://www.asx.com.au/asxpdf/20140317/pdf/42nfxn9jc2wxl2.pdf
Just my thoughts and happy to entertain other ideas to the shareprice sliding.
looking forward, page-5
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