Sorry - I should have made myself clearer. By managers buying in...

Sorry - I should have made myself clearer.

By managers buying in to stop the haemorrhaging I didn't mean to mop up the large excess stock that was selling. I meant, the management bought in at 15c to provide a demonstration that management are 'confident' that the SP is worth 15c.

Stating that, I don't think that tactic really fooled the market nor will it provide confidence to the market so they start buying in and creating a support line.

In my opinion the SP will likely drop a bit further until it is bargain basement - and then people will start to buy in again. Noting that, for punters to buy in they need to know there is a big piece of news that they can leverage off in the future so as to de-risk their entry. Perhaps that is a sale of an LBT device - but the question is; when will that actually occur? and when will the LBT SP actually find support.