That is correct. They are in it for the quick flip, that did not eventuate. The bulk of these guys have no PATIENCE.
You will see that approx another 10-15 mill shares will come out between 3.4 and the 3.6c level. As I posted after the CR, only about 20 mill shares (out of 73 mill) will go to sticky hands !
SE1 Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held