HAON. I am with you E. This recent influx of 3s are nothing more than new O/S. Dilution has driven this down to this point. We would have stayed with 5s if new issue did not make even cheaper shares available resulting in the remaining shorts from the last round selling off as well.
You saw what the announcement of acquisition sale and divvy push the pps up with the natural retreat taking us back to 5 with short term holders selling into minimal gains.
As you are well aware, there were gobs of HAON shares available at 1s and 2s with many, if not most, garnered by short-term holders hoping for a quick bounce. They got it and sold off nipping the spike at 8 and driving the pps back down to around 5 fairly quick.
We are about to repeat that cycle. This time with a new announcement the bottom will be 5 and the spike will be nipped before it reaches beyond .001 (I really do hope I am wrong) and the rush of a renewed short term holders jumping in at 3s and 4s will and selling off below .001 and forcing the pps to settle around 5.
What a drag!
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