This shows that despite the aggressive dumping/flipping of oppies from Pershing (who probably received them as part of the raise), that they have been able to do so without the need to support the share price to get them out, despite heads having dropped around 50% during this time. A pretty easy $200k gain banked by them for just the oppies, they have less than 5 mil left and aren't selling them at 0.007, perhaps they are holding the rest or have clients that are.
This to me is a positive sign as the oppies would normally be trading lower based on their conditions. It's obvious that despite this dumping and several others who took part in the raise that the data shows flipping smaller amounts ASAP, that investors have been willing to pay up to get the extra leverage on offer, even though the leverage is much lower than would be expected.
I know there are several reasons contributing to the shareprice dropping, but I would strongly suggest that there have been some holders who have willingly sold heads into minimal volume over the previous few weeks to pick up the oppies which has contributed to the drop. Despite the lower leverage on offer they are willing to take the extra risk for more leverage.
Interesting that about 45% of the listed oppies have managed to be traded in just 7 weeks, with the oppies price holding up despite so many of them simply be flipped from the raise. Clearly oppies selling has almost stopped at this level (0.007), similar story with the heads at/under 2c, Pershing looks to have flipped for quick profit and others have joined the queue on the way down. A $30k buy on market would see heads rise nearly 50%...
