AMX 8.20% 28.0¢ aerometrex limited

taurus buys again, page-7

  1. 1,890 Posts.
    Lets try connect some dots then ....

    1. There is a algo program biasing the stock lower.

    2. You use algo programs when you're buying and/or shorting. Taurus are likely doing both ( buying through the nomanee [jp morgan], whilst shorting with thier own inventory of shares = win + win = profit from shorts helps pay for a % of shares purchased) The stock rallies when they cover the short positions in profit (hence the volatility). Rinse , repeat , rinse , repeat (until 20% reached ?)

    3. Taurus are the only active (large) buyer we know of. Therefor, they are the one's facilitating the algo program in place. 4million short sales outstanding, so the number of shorts fits about right with their buying amounts per move.

    4. They are not just averaging down on a failed investment. Otherwise , why not just wait for the next cap raise if you want to average down ? whats the rush to get 20% and why manipulate the sp lower and destroy the value of your holding if you're just averageing down? Makes no sense = there must be something else playing out...

    5. Taurus have seemingly strategic holdings in simular co's in the area like AMX,PVM,AZM etc..

    6. They have a seat on the board through Anderson and would know whats around the corner and who's sniffing about. Also well connected into the majors through other taurus execs. They may well be a buyer for a third party and posing as a white knight.

    So we have a major shareholder , seemingly not concerned with the paper value of their stock and are actively helping it lower . Have bought almost 20% in a relatively short space of time. They have recently blocked another merger in the area (PVM), leaving the door open for something or someone else....

    Could Taurus actually become a gold miner itself? and merge these co's together to form a larger mid tier ? Not likely , but worth considering I suppose.

    The third party buying angle is the most likely imo and if so, someone out there is getting a very cheap 20% without letting the cat out of the bag. The remaining 80% may not come quite so cheaply me thinks...

    Interesting times for AMX.
 
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Last
28.0¢
Change
-0.025(8.20%)
Mkt cap ! $26.59M
Open High Low Value Volume
27.5¢ 30.5¢ 27.5¢ $21.71K 76.43K

Buyers (Bids)

No. Vol. Price($)
1 1800 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 10000 1
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Last trade - 12.46pm 08/11/2024 (20 minute delay) ?
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