PRM 0.00% 0.6¢ prominence energy limited

large order/top 20, page-2

  1. 547 Posts.
    Hi yen, in my oppinion, this was not a normal on market trade, but it has been made to look so in the course of sales. I suspect it is an example of market manipulation, it is possible also that no shares actually changed hands. It could be a transfer from one account to another but the same owner.

    Only people who own more than 5% of the shares of a company (other than directors) need to file a notice, only the top three in the top 20 posted earlier today have more than 5% of the shares, so any of the other 17 could sell without any market announcement.

    The reason is that there was no where near 5,000,000 shares on the buy queue at 8.0c and even if someone added them after I last looked, MY buy order would have needed to have been filled before they got bought..

    About the only way I can see this as being a legit on market sale is if one of the people in the queue (at 8c) before me ammended their order to the tune of an addition 5 million shares (to buy), and a seller snapped up the opportunity. The fact it was a cross trade, and the fact that the 0.081 sale was for only $502 makes me suspect that this was NOT the case :)

    I guess we'll never know. If my order had been at 0.081 rather than 0.080 I'd be more confident ;)

    Tony.
 
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