there is over 1.2 billion shares on issue all bought at prices...

there is over 1.2 billion shares on issue all bought at prices above current SP, also >100 Mill 2.5 cent oppies.
Buy depth is 7 mill shares maybe $100K worth sell side is about 19 Mill shares. Although that is just the on screen depth.

With such a crushing overhang all its takes is one nervous nelly with a relatively minor holding to start the stampede to the bottom. Good thing is holders have proven in the past they have patience, imo its more like a yearning not to relise the paper loss and most have nothing much left to loose.

My bet is if all confidence is lost with these guys ie there is no flows by end of July it'll be an extremely illiquid 0.1 cent share soon to shut up shop.

Its all or nothing now imo, personally though i would salvage what ever cash i could out of this co if it was a large holding of my portfolio then use the money to buy the strongest liquor available