Yesterday I took a look at trading history since first DV placement on 12NOV12 assuming 90% of sells have been DV, I figure they must have fewer than 10M shares left.
I would hope they will be gone in the next 2 weeks allowing SP to move up, I would guess many daytraders would lock in profits at 0.4c doubling their money so we may go up to 0.4c and settle until any news comes along.
I would hope after my discussion with KP Panax will not undertake any new DV placements in the short term at such a low SP.
I fully expect PPA's and funding this quarter, when we can all sit down with a bottle of Moet and laugh at the past.
PAX Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held