I don’t think the share price has fallen because our previous leader was cashing out, the volume this year has been quite weak in comparison to the previous two years and there is no evidence of a party cashing out. The shares you are alluding to only recently came out of escrow. I would not be cashing out if I was him as there is potential to be slightly north of a dollar. Looking at the weekly chart over the past nearly three years we have seen five waves up and three down. The last wave may not have completed there maybe a little more downside possibly 35cents. There was considerable volume into XF1 (compared to previous long term volume) approximately two years ago between 9 cents and 35 cents so those hands are still in the money, the selling which is not huge may be those that purchased on the way up to 80 cents. Those shares being sold are slowly driving the price down possibly because of the doubt about 30 million shares recently ex escrow. Just my thoughts I might be totally wrong.
XF1 Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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