the 4.5c prop buyers are all duds anyway that will be pulled. the main issue is there is a host of dud looking sells, and by now retail holders have no idea what is happening have no choice but to jump the queue and sell down. It's a self fulfilling cycle (downwards) as the real demand that would upset any of the fake bids/offers to be pulled isn't there.
It just depends now if someone with some money/clout feels bold enough and justified enough to plough in now, if they did IM certain those sells would be pulled. WIth the drop from 7c i doubt there will be any buyers demand so things are certainly looking shady.
The company doesn't have to.. but it would be great if they put out something to at least address it , particularly if they really don't have any insider news that is detrimental (and its still business as usual).
purely TA theory posts, page-241
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