trading halt well here we go, page-15

Pedro,

the price was slapped.

from my records of yesterday it was punished from 11.00am to 11.10 by a dump of 8m shares to take the price down from 104 to 85c.


for the next 5 hours nearly 80 million shares were churned from 88 to 93.


if it was supposed to be an exit strategy it was an immediate loss of millions of dollars.


this was pure and simple accumulation and positioning prior to setting the floor price for an equity issue by those in the know.


my call on the trading hlat is that the company is more than satisified that there is more than 86c of value to be extracted from a worst case scenario, and are therefore stopping any more beat ups.