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I'd be interested to know how many margin calls were made for this stock over the last month. By my math, an LVR of 35% would trigger a mass selloff when the stock dropped below 20% of an investors respective buy average. If people bought in off the back of the GCL deal at around $1.20 (16/04) on margin, then news of a continuing cash burn in the last quarterly report released (30/5) that caused some shorting and some long-term holders to run for cash, then add Greece, and you get a SP down to $1 in less than a week. I would suspect that the phone might have started to ring! Try rebalancing under that kind of selling pressure. Not easy.

[QUOTE="Mr McGee, post: 706800, member: 44010"] I'd be interested to know how many margin calls were made for this stock over the last month. By my math, an LVR of 35% would trigger a mass selloff when the stock dropped below 20% of an investors respective buy average. If people bought in off the back of the GCL deal at around $1.20 (16/04) on margin, then news of a continuing cash burn in the last quarterly report released (30/5) that caused some shorting and some long-term holders to run for cash, then add Greece, and you get a SP down to $1 in less than a week. I would suspect that the phone might have started to ring! Try rebalancing under that kind of selling pressure. Not easy. [/QUOTE]

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