I have a thoery regarding the current situation on the PIL sp and volumes
As we can see the company flew out of the gates after Clee raised funds to get the pilot and full-scale rollout into action, before Clee became involved we had a stock that spent 3-5 yrs in what can only be described as a deep slumber on market and also HC.
Now i know for a fact that our friends at Clee are very well connected to some very well known twitter players, and i mean very well known and have seen them on rooftop BBQ gatherings in the beautiful rise bay area of Sydney harbour.
So les go back to pre/Clee .. zero interest zero volume almos zero everything... post-Clee we have the volume monster above... let us not forget the Clee we see funding PIL also funded IOU .. coincidence or not? who knows.
But we can now understand is that Clee and its group of sophs would be very well versed and knowledgable on what PIL is doing and the actual timelines for success in which is unfolding.
Look at the volume under 2c which has gone unchallenged and not met with little change to the top 20, so who has grouped together to destroy the SP and accumulate all the way down to here... Hmmmmmm i wonder
Just a theory of mine and believe me these things do happen to most stocks on the ASX.. i am convinced we have a group that has sold down and accumulated as much as possible, a group that has a solid handle on what's coming and when.. Pro's sophs vs retail written all over the volume IMO
FEB 2021 Total 1,014,853,9140 AVG.0330
MAR 2021 Total 2,033,121,3900 AVG.0299
APR 2021 Total 579,593,8410 AVG.0262
MAY 2021 Total 364,860,3000 AVG.0193
JUN 2021 Total 227,938,5560 AVG.0167
JUL 2021 Total 182,219,7230 AVG.0153
AUG 2021 Total 134,651,0000 AVG.0134
Total shares traded 4,537,238,724
0.0210Average
As we can all see clearly on that volume and avg.... something is definitely up and its all for a Bullish reason, someone firmly believes the Kains are about to pull off a masterstroke in the unbanked and underbanked world arena IMO
(20min delay)