BLT benitec biopharma limited

finding the floor...are we there yet?, page-105

  1. 4,015 Posts.
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    Umizoomi, I would be really interested to read your explanation of the large number non-marketable share parcels which have been traded over the past few weeks. I have not counted them but my guess would be that there have been well over one hundred trades that have been for less than $500. Many of these trades have been for less than $10, some as low as a single share for a dollar.

    Some trades caused a slight rise in the sp but most seem to have caused a fall. A trade of a single share causing the price to fall by 0.25c. Who cannot afford to buy one share at 98.25c rather than 98.00c? Who would want to if they also had to pay a broker's fee?

    If you don't think this is price manipulation, what do you think is a reasonable explanation?
 
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