Hi raymaur. I have been trying to understand why this apparent manipulation is going on, and have come to one possible reason. I am hoping that someone with far more knowledge than me about NASDAQ listings can comment.
Basically, I remember seeing/reading before the PBMD listing that as part of the listing qualification, and to maintain a listing the "Home" shares (ie ASX PRR) must maintain a daily trade volume, or a monthly average trade volume. Given that I believe that PRR is currently in a holding pattern until October, and most shareholders are in a wait and see mode, is it posible that these 0.1 cent bids etc are designed to spook shareholders into a sell-buy-sell-buy mentality to ensure we maintain the qualification criteria.
I know this sounds a little farfetched, but perhaps somebody can comment on whether mainting these volumes is a requirement. It might explain the current bids and sells.
GLTA
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $573.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5227 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 170000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5227 | 0.420 |
1 | 2602 | 0.415 |
2 | 4764 | 0.400 |
2 | 3912 | 0.395 |
1 | 1307 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 170000 | 1 |
0.380 | 2954 | 1 |
0.385 | 109474 | 2 |
0.390 | 500 | 1 |
0.405 | 29000 | 2 |
Last trade - 10.01am 03/09/2024 (20 minute delay) ? |
IMM (ASX) Chart |
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