yes nij... this was my hunch as well. it smells like someone...

yes nij... this was my hunch as well. it smells like someone with a seriously large stake selling down (maybe exiting). if you bought in at an average price of say something like 20c then selling at 45c is still a healthy profit. i thought it might be pitt or a pitt associate freeing up cash for another investment. you can sell down one stock now, say take advantage of a heavily discounted raising, sell out when that goes up and buy back into PEX without missing too much.

Copperbull had a fairly big stake and I'm reasonably confident he exited most if not all of that above 60c. That explained someof the concerted selling previously and someone with a reasonable sized stake seems to be creating the constant selling pressure now.

I also think (once again) rob not being able to keep to a promised timeline on MB has stuffed the confidence of some investors.