From a few years experience watching the stocks I've invested in on almost a daily basis, this is one of the most concerted efforts to lower a SP I've seen.
It has been done by regularly offering shares in small lots every day for a fortnight.
I've no doubt it is being done by one of the investors who bought the stake from our major holder (at $3.25 mind you).
It has been a textbook flushing exercise that has worked a treat. Well over 1m shares have been donated to the manipulator at well under fair value.
My suspicion is that the current level will be the base for accumulating back up to at least $3.
I'm not expecting to have to wait too long to see if I'm correct.
From a few years experience watching the stocks I've invested in...
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