The failure of finance raising I call 'Phase I - IPO' continues to weigh on the market as seed 0.08c exit with enormous profits at the expense of IPO's.
As we now shift into 'Phase II anger selling' the sellout snowball continues momentum, not just out of continuing profit taking by seed at anything above 0.08cents, but with those who couldn't care less about taking a loss as their anger is expressed and relieved by hitting sell. Proving ironically somewhat therapeutic, even schadenfreude as the price falls without a bottom in sight. All the while knowing that the next capital raise will have to be made with a massively dilutionary price point to regain any sort of confidence.
The placebo large bid orders that disappear just before strike, leaving gaping cliffs of reality, have spooked and frightened away those wishing to make an entry, whilst dashing the hopes of those seeking a full recovery.
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