value of rhg after westpac bid , page-7

An interesting thing about this stock is that there
does not appear to be any institutional support at
all yet retail buyers continue to snap it up as it
slides.
This doesn't make a lot of sense imo, why bet against 'the street' with so much uncertainty
around ? the AFR had an article on 10/10 which
seems to imply broker valuations of around $87m
nett of debt, or around 24c/share as a best case
scenario and there are rumours around suggesting
17c and as low as 15c.
I'm sure those purchasing atm have good reason to
do so, but it escapes me.