Here is hoping......that the share price gets back down to 10.5 cents again as I would like to have my order quantity completed as it is only partially filled so far. But that may not happen if retail investors come to their senses and stop selling their shares at these prices.
For a company that has 266 million shares outstanding, 700,000 shares trading is a drop in the bucket. It is not the remaining institutions that are selling their shares but rather the poor retail guy that reads an announcement like the one by the TSX this morning and hits the panic button and flushes their shares down the toilette.