Hate to concede but looks like the directors were the ones doing the damage the past few days. I really would hate to be the block who bought a million of these at 22c.
Seems management are smart traders too, with the majority of selling coming from off-screen sellers in past few days. With the substantial sale of securities by directors and purchase of some stock by Nick Gatsios, looks like there won't be any market-sensitive announcements for a few days now.
With the receipt of the 8c shares by placement participants today plus pending issue of free attaching oppies on 9 March, I suspect further selling may ensue even though we have come down quite a way from the recent high. How do those retail placement participants get to participate anyway? Were they clients of Stonebridge Securities? Congrats to them for making a motza on this one.
Chart-wise, we had a bearish engulfing candle and another black marubozu.
GL now to holders. LT should be fine.
HTX Price at posting:
13.0¢ Sentiment: ST Sell Disclosure: Held
