one big seller

There's only been one big seller and that's D2MX Pty Ltd, he sold another 2.5 million today. He had 71.5 million shares (ie just under 5.0%) I reckon he is virtually done now. Clearly a sub-underwriter is getting out.

So essentially this weakness is still all about the overhang from the placement not yet being properly distributed. D2mX is now out, and the stock is now with many different stronger hands.

Another good volume day, this is an easy BUY at 0.4/0.5. Once overhang is proeprly digested it will go to fair value at 1.1 cents.

GL