I believe there was a poster named 8horse that commented on...

I believe there was a poster named 8horse that commented on yesterday's share price movement that there seems to be a capital raising in the air.

"Announce good news" then raise money immediately (within a week) on the back of the good news. This does happen often with small caps on the ASX especially in the Mining sector.

Opening at 12cents on the NHS announcement and then closing at 8.8c (27% drop) and now 8c (another 9.1% fall) would indicate that 8horse theory is likely correct. Other theory is that many shareholders just do not believe the NHS story and used the occasion to sell. Over 50m shares traded yesterday and another 15m+ today is not small/insignificant volume.

Until the company can clarify the numbers behind the NHS contract, its a "buy on rumour or unexpected run-up" and "immediately sell on the news".