BH, I think you are probably right on those assumptions of shareholders about to lose their already worthless holdings and the Indians looking to screw over Oilex and the dream of Canning just not viable in the market. IMO the way they Australian mining and the oil industry is at the moment Canning is another worthless venture. Maybe Oilex will cut their ties with Canning too
Although somebody is buying on the other side of these sells recently. Maybe it is just pure gambling the people buying around these levels. Maybe worth a small punt if the share price collapses to .001 or .002 of a cent and they are still trading. The new MD on what is it over 300k a year and all the other executive remuneration... things will fall apart very quickly if no new funding source is announced soon.
