The bulk of the 'sophisticated investors' the announcement mentions are a company called City Equities. The modus operandi of CE are to take placings at discount, then sell the equities on to their clients at a profit. What usually happens is the buy side on the main market gets suppressed for several months while the overhang clears, as everyone knows what is going on. I don't expect this to affect the Oz market for the stock.
announcement, page-7
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $4.465M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $2.404K | 127.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1158957 | 6 |
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