Certainly looks like many top20 holders have been dumping out their positions recently. I have bought a few, but wonder who else is buying around 3c now and what their intentions are.
I still fear this is going to be gutted as a shell and tens of millions of shares are going to be issued at a low price to some group of 'sophisticated investors' connected to a 'special interest group'.
Would be nice to the current directors of this company deliver some really good news for a change instead of just another so-so deal just for the sake of it.
I certainly don't want to see them escape and do a scot free runner without fixing up what I consider a bit of a mess.
Still ST Buy, LT sell as things stand.
KEY Price at posting:
2.9¢ Sentiment: LT Sell Disclosure: Held