re: mbp......possible dumping of stock!!
Guys,
I have been watching MBP closely for the last 3 to 4 hours and monitoring the trading closely. What I can safely say is that there has been a mountain of dumping going on. The continual dumping and hitting the bids off screen is a real concern at the moment.
The volume of shares is phemominal. This dumping leads me to the conclusion that it has to be a Top20 shareholder selling down. They would be sitting on substantial profits and are reducing or eliminating their stake in MBP. Following on from this, this also leads me to think it is Circadian Technolgies dumping all this stock.
As you all no doubt aware of the recent removal of the escrows provisions concerning CIR's holding, this would make logical sense as the continued dumping of the stock and the crash from the mid $2.00 point to where it is sitting at the moment at $1.28.
All thoughts appreciated!
Cheers Freakme
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