This does not seem like it is the end to me, but it does seem a lot like manipulation by sharks.This was a crap announcement that helped not a single holder know what was happening. So I can understand some holders wanting to cut and run. But if you wanted to sell why would you undercut the offers so substantially? Was nobody bidding?
But the pattern of sales looks to me more like the classic shake down (again!). A minimal volume of trades at significantly low prices on the back of a non-disclosure grade 4c. This is exactly the tactical attack I would use if I wanted to spook loose holders who do not know what it all means but suspect that worse is to come. A few hundred shares traded out of 28M. So how many peoples stop loss settings will have been triggered by this? Clearly not a lot. Only 7600 odd shares traded by 12pm.Anyone who can track and reveal who was actually buying and selling today will be serving the interests of the general body of small holders.
I will be keeping my powder dry until real news is at hand for all to see.
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