RE:Analysts making targets to sucker in retailWell there's been one block today of 765K @ 20 cents and another possible block of around 150K @ 19 cents.
It's not as if there is indiscriminate selling and dumping and under the circumstances there may be some funds/larger shareholders that will liquidate at this time.
I'm long at much higher prices so disappointed obviously. But in my view it simply makes no sense to sell now. Yes the downside is 20 cents; the upside, however, is many times that and I see a lot of institutional money and insiders holding their shares.
Which in the end will prove one of two things: they're very stupid or they have very strong feelings the company will survive and flourish in the long term.
This is a market that punishes screwups and MBAC has had their fair share of them. Recovery in the share price isn't going to happen overnight.