I don't usually subscribe to capper theories but it looks a bit suss.
We know that the 1mill capper at .073 has been placing that bid every morning and removing it each afternoon for as long as I can remember.
There were some large sell bids from .035 down to .024 yesterday at close.
Will they reappear pre market this morning.
Who stands to gain from potential oppie funding being missed by MNM.
Fortrend?
Cygnet?
Both still holding enough to easily push down the price IMO.
But not enough to stop a big run on very good news.
We know IK may need funding for a tilt at an S7 competitive tender sometime soon. Do these funders know the same thing and want to ensure they are used at a low buy in price rather than option conversion funds?
Pull your finger out Gov and promote the ALDP/BCP so IK can bring on some good news and blow the cappers out of the water!
All IMO & DYOR as just a possible theory.
Interesting
B Rubes
MNM Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
