Yea it's weird. Maybe it's some favouritism to an existing customer?
In any case they'd likely have pretty good feedback from market participants as to what their bids are likely to be.
Ann: BMX pre-auction bid, page-35
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Last
$2.84 |
Change
0.100(3.65%) |
Mkt cap ! $8.550B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.85 | $2.80 | $69.75M | 24.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 237863 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 554463 | 59 |
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