FWIW Had a quick look at the AQS forum. Who doesn't like a 10-bagger!
Quiet forum until the AQS SP took off mid-week. An ASX speeding ticket was issued and AQS was 'not aware' what caused its SP to move.
Noted the following observation from that forum which possibly created a squeeze with many traders jumping on-board:
- Aquis Canberra Holdings (Aus) Pty Ltd holds 88.51% of shares on issue, just shy of the 90% threshold to compulsorily acquire the remaining shares.
Similarly at FLN, MB owns 44%. SC owns 36% and director DW & CFO NK hold 2.5% between them. Total 82.5%.
IF a squeeze was the explanation for AQS skyrocketing, it would be great if that happened to FLN too.
DYOR
