600,000 is not the correct number of free trading shares (I know) that he (Wayne) has ,correct number is 1.3 million shares ,fyi
At some point he (Wayne) will have to fully back off and let the pps go north of 0.50 ,0.50 is the pps that warrants can be exersized ($1.6 million worth).
It is looking like the downward pressure is softening ,I suspect selling here and there will continue by 3rd party BUT it does look like he got what he wants fer now ,3rd party played this right to maximize his money , most of the bigger volume from the start was many traders that paid 0.40-0.60 ,traders were forced to average down ,in hopes traders see more green days.
When the pps was in the 0.12-0.29 area ,there was very few shares available and the stock moved on air with slim trading ,to see the pps retrace to 0.20's (gap is filled -text book ) ,looking like more green days to come as long as interest continues and ask action happens. Today did have a few bid whacks but hardly like what was been seen previously.
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