88E 0.00% 0.2¢ 88 energy limited

US OTC, page-6

  1. 2,183 Posts.
    lightbulb Created with Sketch. 1579
    Does anyone have an in depth understanding of the OTC market, and how it links into its source shares from AIM and ASX.
    From what I have worked out, and happy to be corrected.
    Brokers run the OTC, much like Market Makers on AIM
    Brokers buy from 3 sources, AIM, ASX and clients that hold OTC (EEENF) shares
    Brokers then sell these shares for a profit margin/fee to clients

    Brokers will need to buy or sell on AIM and ASX as demand dictates. Demand spills into ASX or AIM when they cannot obtain EEENF shares.
    In a 24hour period there are overlapping business hour time zones between all 3 markets. Brokers can resupply or dump shares in these periods to maintain an appropriate stock level on their books.
    This is quite a judgement call, as they need enough to keep trading, when they cannot resupply or drop stock.

    This Monday trading in OTC is isolated, from the ASX and AIM supply, due to the Easter Monday closures. They however will trade OTC, as USA do not recognise Easter Monday. In this Monday session, they can only trade stock already on their book, or from clients that have EEENF shares

    A perfect storm in the making, for a trading frenzy.
    Huge ill considered social media hype, and no supply line for new stock.
    I predict a spike in EEENF overnight.

    The acid test, will be when the brokers can reconnect to the supply, on ASX, as the first market to reopen. If the spike occurs, the share price will come in hot and high, sustainability will be the question.
    OTC Brokers will be low on stock, and considering the risks, AIM stock allows them, a safer entry, closer to their market open, and some time to ponder ASX action, and announcements if they come
    Concurrent to this, a Merlin update announcement can also be expected. The meeting of these two influences, will be a sight to see.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $17.05K 8.528M

Buyers (Bids)

No. Vol. Price($)
337 974033314 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 3796234 4
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.