PGFin,
We can argue somantics all day. But it seems pretty obvious that a number of sophisticated investors, upon receipt of their shares today, chose to sell them within hours of receipt.
6887897 shares were traded below 10c, all from 14:58.
So of the 17M traded today, nearly 7M were traded in the last 72 mins.
I would classify that selling shares within 4 hours of them being issued as dumping them.
Obviously it's not ALL the shares; It's less than 10%. And no, I'm not suggesting either that every sale was from shares issued today.
And as I said in my first post, IMO it won't matter come release of the flow tests (good or bad).
- Karl
not very sophisticated !, page-22
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |