not very sophisticated !, page-27

Okay, some shares were sold off this afternoon, but let's put this in perspective.

As Karl pointed out, 6.88M shares were sold for under 10c from 2.58pm today

Assuming they were all from a Sophisticated Investor/s dumping for a quick profit:

68M shares (or 90%) were NOT sold off.

The total profit for the 6.8M shares sold (assuming they came from the 8.6c placement) is around 70k

This is hardly big money for a "sophisticated investor" Don't get me wrong, it's not a bad earn for an hour's work, but the reality is that there were multiple sellers during that time, not all of them would have been dumping from the placement, so the actual profit for SI's dumping is likely to have been considerably less.

I think there was probably a bit of selling off by SI's followed by day traders, or nervous types locking in a profit or the SP hitting some tight stop losses.

I'll wait until the test results before making a decision