Just Submitted my complaint
A trading halt was issued by Lynas on the 8th November
The Trading halt was lifted 5 minutes
before close of trade the same day
Morgan Stanley I believe was able to sell up to
5 million shares in this 5 minutes
Before Trade on the 9th November another trading halt was issued regarding raising capital
My concern is that Morgan Stanley new in advance of the raising capital and that the 5 minute window was for them to offload shares
I am sure there are thousands of investors that are very unhappy about what has happened
The sharemarket should be an even playing field
and in this particular case it was not in my opinion
I believe the evidence lies in the timing of the trading halts and Morgan Stanleys actions
morgan stanley, this stinks, page-22
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Last
$6.56 |
Change
0.050(0.77%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.51 | $6.59 | $6.49 | $8.348M | 1.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16304 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 2708 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |