Most likely reason for the tanking share price.The most likely reason for the constant downward pressure on the share price is pretty simple.
Just look at the bid we just made on Nevsun they bassed that $5 bid on Nesun's 30 day weighted average share price and threw in a little premium. The price is being driven down to lower our 30 day average price to what end who knows maybe Nevsun wants more esm share if they take a buy out offer. Or maybe someone else is sitting around waiting to buy out ESM.
Now before you all hope on the oh your delusional band wagon or the there is no such thing as market/price manipulation my reasoning for this is quite simple.
1. We are rarely seeing huge volume.
2. We keep seeing an unending stream of 100 shares and 20 share cross board lots sold into the bid. Ie we are intentionally being shorted down 100 share at a time.