I actually dont think its someone holding onto their bundle, what I did think was happening as I set out in an earlier post :
https://hotcopper.com.au/threads/wtf.8191021/page-53?post_id=75643629View attachment 6644298Here you can see the big orders that I dont think were real, and is evidence now with them being pulled as people start to chip into 0.0035 and 0.004
I wrote back in September: "I would think if you wanted to sell 70 mill, you wouldnt just put a block like that on the offer, which dissuades buying, you would put an iceberg order in there (ie just showing little bits at a time and then refreshing) this is used by brokers to hide bigger order, so to see this big 70 mill block Im a little skeptical if its real. We will find out if its real soon enough."
We have found out now they were not real. Whats happened here is that the big block orders have pulled.
I dont think they were ever real sell orders, maybe they wanted to create a wall to scare people into selling into their buys at 0.003, and it seemingly worked as around 300 mill shares have been traded at 0.003 since September when they placed those sells. Smart operation by them, unethical, but smart.
Seemingly great sign now that they need to pull as buyers are building at 0.003 and active buyers are starting to nibble into offers. Watching closely and already regretting not getting more at 0.003 !
(20min delay)