Because they just took up tranche 2 of the placement yesterday. This tranche could only be issued after shareholder approval at the EGM
it is worth pointing out the Tolga and Rob Jewson together now own 17% of the company.
I assume Even Cranston also took part in the placement but hasn’t declared yet.
The three principal directors probably now own about 25% of this company.
They can’t sell without disclosing and so are obviously not in this for a short-term pump and dump trade as the panic sellers are worried about
Also the volumes do not indicate this either. The shares have fallen on relatively low volume.
I think in coming days the stock will find a floor. Frankly this retracemeant is healthy for the stock as the price chart was getting out of control and becoming unattractive to new prospective buyers At least now it can build a base and move up in a more measured way.
- Forums
- ASX - By Stock
- M4M
- Ann: Change in substantial holding - Tolga Kumova
Ann: Change in substantial holding - Tolga Kumova, page-9
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M4M (ASX) to my watchlist
|
|||||
Last
3.4¢ |
Change
-0.003(8.11%) |
Mkt cap ! $122.3M |
Open | High | Low | Value | Volume |
3.6¢ | 3.8¢ | 3.4¢ | $544.5K | 15.51M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2182153 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 104000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2182153 | 0.034 |
5 | 544372 | 0.033 |
6 | 1021875 | 0.032 |
2 | 561290 | 0.031 |
4 | 1257943 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 104000 | 3 |
0.036 | 595237 | 3 |
0.037 | 3050000 | 2 |
0.038 | 626195 | 4 |
0.039 | 325666 | 3 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
Featured News
M4M (ASX) Chart |