Who suspects that the persistent downward pressure is a strategy (amongst other things) to prevent the two million shares held by Taurus from achieving a strike price of $2 by January 25?
I'm not sure of the actual dates but I know Taurus is holding two million options, and if they don't hit their strike price of $2 the options are worthless. I could be wrong and would appreciate a little input on this matter as I am NOT an options trader. If so, who would be dumping large volumes and rebuying as a weapon of mass spite?
Either way it's all good with the buy-up of cheap shares but I can't help feeling a sense of shodden froideur at play.
Chart, page-831
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Last
$1.37 |
Change
-0.015(1.08%) |
Mkt cap ! $354.4M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.35 | $379.9K | 278.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17312 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 2085 | 10 |
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| Last trade - 14.36pm 03/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |