Just crazy nilnoony. Someone just sell 20 per cent lower than what the company was willing to buy them at the day before. just see they end up buying around 11 million shares back of the 19 million. Good result I feel. Company Sell them at 11c in cap raise 18 months ago and buy back 11 million of them at half price is good I think. Only cost 600k of the 1million they were willing to spend so the extra 400 thousand dollars helps the cash . would think most sellers would now be gone so up to company now to gets some good announcements , revenues and sales as selling pressure should be very limited as most sellers would have exited in buy back . the selling today just seem stupid to me. How they trade below 5.5c seem really silly hopefully mr meng can increase the sales of all products
UCM Price at posting:
4.5¢ Sentiment: None Disclosure: Held
