BRN 20.5% 23.5¢ brainchip holdings ltd

Market Manipulation, page-120

  1. 10,090 Posts.
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    I just went through the boring task of actually adding up the supposed sell orders on Commsec as they are spread across the following price brackets:

    Above $1.00 3,241.661 shares are for sale

    At 90 cents and under $1.00 12,739,585 shares are for sale

    At 80 cents and under 90 cents 12,463,999 shares are for sale

    At 70 cents and under 80 cents 10,251,677 shares are for sale

    Total of all shares for sale at or over 70 cents 38,696,922 shares.

    Total shares for sale at the time I did these sums were just over 43 million

    So the actual realistic number of shares for sale is about 5 million at 69 cents or under.

    There are over 1.5 billion shares on issue so 5 million shares is not even half of one percent of the shares that could be available for sale at any one time.

    What is taking place at the moment is only of consequence if you believe that a number less than half of one percent means anything important to the value of your shares in BRN.

    Personally I don't and I am going to ignore the games being played and wash the car.

    My opinion only DYOR.
 
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