nihilism IMO most of the market doesn't pay too much attention to 3B's and may have assumed it was some form of CR despite the fact the cannot.
had there been a seperate announcement to accompany it and explain the director's motives etc, it probably would have had a much more significant impact.
this still may come tomorrow or monday.
all that being said, the directors have kicked in $250k to show support and at almost a 40% premium - can't knock that.
you may read in that if they weren't confident in the WIFI & Jam Factory, plus perhaps some other material news, then they would have waited to resolve the issue with ASIC or continue drawing down facilities.
interesting few days ahead no doubt.
GCN Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held