Oceanus has dropped from 5.4cts to 2.6cts due to ex- CEO selling during last one month. His selling should be coming to an end. Will there be a strong rebound like CCFH?
I am inclined to agree with 'Guest' that the ex-ceo would have come to the end of his selling spree. The tremendous volumes in the past few days alone would have accounted for a lof of his remaining stake. If this is correct, then bye bye Chinaman! Now the stock can breathe!
The sell-off by ex-ceo is definitely not over yet. He started with 286mil shares and there's addl share transfer (in the millions) by the present board to get his resignation. You just hope he gets smart enuf to hold the remainding shares and not hurt its status and price! But then, how low can it go at such a price? Definitely not much, unless the business goes bust. Just my personal view only.