"The real reason is probably stale Applabs holders exiting (Applabs shareholders from before the RTO make up 50 million shares) combined with weak market sentiment due to pump and dumps in RFN and 1PG. The latter reason is very unfortunate for SP1 because the business has real substance but now investors are untrusting of recruitment tech startups in general."
Even if some prior shareholders did sell (and I'm not certain that they did), the key players retained their holding - CEO, chairman, Josh Rogers so I don't really care.
SP1 Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held