IMO the selling is from 1c option holders that were part of the recapitalisation done in Dec 2016.
From ann 28/12/16, pro-forma was;
a) 278,346,629 - shares
b) 147,929,792 - 1c options expiring 30/12/18
As at 3B ann 23/6/17 there are now 92,746,364 of these options remaining.
That's 55m new shares issued at 1c over the 6 months and (highly likely) sold into the depth, and still happening on low volume days/weeks like last week was. No issue, especially seen as depth support at ~3-3.4c to absorb these.
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Open | High | Low | Value | Volume |
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---|---|---|
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7 | 4175835 | 0.012 |
9 | 3282211 | 0.011 |
12 | 3068999 | 0.010 |
5 | 3181630 | 0.009 |
Price($) | Vol. | No. |
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0.015 | 5572352 | 9 |
0.016 | 7846926 | 11 |
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