Its odd, but I don't actually think their selling was the cause of the recent downward pressure. Last Friday certainly they were 30% of the volume, however Accorn only really started (the recent) selling in march. Cannacord has sold down just over 5 million shares this year so far - worth approx $97k. The lack of buyer support just means its down down down unfortunately.
Somewhat problematic, Acorn are now down around 3.4 million shares this year so far - but they still have 17 million left
Lots more buying support around 1.6 and 1.7, whether it can absorb the same volume for an extended period I guess will become evident soon. Watching with interest, its a curious little company and looks to be at the mercy of holders wanting out, once it done though things could reverse very quickly on news.
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Its odd, but I don't actually think their selling was the cause...
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