A lot of shareholders have been quite emotive recently - understandly because I was also quite cross to see the value drop dramatically.
Anger with the management, anger about the merger - just a great opportunity for the short sellers to have a field day because all the trigger points are there.
It would take a while for OXR to recover because people just had enough of its share performance.
My two cents - most of the sellers are probably those who bought below 1.50 and now just want to be out for various reasons.
The positive aspect - new money (those who never invest in OXR) will wait for the price to stablise before building a positions.
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