this relentless selling

Well finally the toothless Watchdog barked! this is good to keep intruders worried.
As I said before, Virgin Blue is poised to take advantage of this down turn and come out of it with flying colours especially as a main domestic carrier. And what ever is happening in the market doesn't justify bringing SP down to 15c in light of the well known book value!
for the last few months this relentless selling pushed the share price from 40c to 15c with more than 200mil shares dumped. and the selling is continueing even with this nice spike in markets. It has to be a major holder selling... would it be Sir Richard?!!! Is he short on cash? who knows...