why is it down today?, page-12

Yes ,agree that the release of the 10 mill shares from instos will place selling pressure on the stock...the point cannot be disputed,it is not a positive.
Sophisticated investors ...lol this just means any old punter in my opinion who has a rough idea...we are all in the market to make money and no doubt some of those who took up the 10 mill shares will want to lock in some profit.If they do and the share price falls others will get itchy fingers and we could see a small sell off.
I have taken profits this week and will look for a pull back after or on jan 5.
Good luck