I wouldn't call loosing 80% share value in 12 months, or being...

I wouldn't call loosing 80% share value in 12 months, or being 25% under listing white noise. That is a disaster.

What does the broker report show? Retail or bigger players?

There were still people buying all the way down with XTV, PDN, SGH and many others that have sunk or lost 90%+ of value. It means they have a big risk appetite, dumb or looking to trade a pip or 2. You have been singing the same song since at least 3c, so all those people who accumulated at 3 are just trying to average down to soften the blow and will sell at 2.