With the expectation of news at any time very few want to sell shares right now. I think many would like to trade but there is a sense that the opportunity to buy back at a lower price is not going to happen this time around?
The shareholder base has gotten larger as a result of the warrants that have been exercised. Those warrant holders are pretty much topped up at their highest share position.
So a news event/US roadshow is needed to kick start the buying. That is the way I view it right now. More importantly I think the next several weeks are going to mark a turning point where this company is going to be able to start making definite statements about deals. In the meantime the lack of volume and the drift is going to weigh on people’s minds.
