Guys, I had a look at the current market cap at 146m. Now look at the number of escrowed shares just been released (plus 7m options at 20c), we have nearly 1/2 of the market value available for sale. At some point, the dumping does not really bring profit to the big institutional holders but that point is quite low. If these institutional holders decide that AusCann's prospect is not promising enough, retailed investors will be in real trouble (not as if they are not in enough trouble already). I think these big holders dump, wait for a big of a recovery and more buyers show up, they dump again, ... they will do this until they can no longer make a profit (knowing they can always buy back again if they like to). Who have the money and the goodwill or speculative greed to absorb all this selling?
AC8 Price at posting:
46.5¢ Sentiment: None Disclosure: Not Held
