Taipan..........in my view that's soft criticism. Quoting fixed price without first determining ground conditions was an epic failure and completely avoidable. Contractors rarely divulge reasons for such disasters although I am sure lessons were learned.
A class action is unlikely if only because the events in question were over a brief period during which ASX turnover was too low to interest lawyers. The size of the SP fall is a problem however.
There appears to have been some insider trading 7-8 days before the suspension with substantial volume and price fall. I am not suggesting this was the illegal sort.
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Last
4.2¢ |
Change
0.002(5.00%) |
Mkt cap ! $12.28M |
Open | High | Low | Value | Volume |
4.1¢ | 4.4¢ | 4.1¢ | $185.5K | 4.382M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 168000 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 105419 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 168000 | 0.041 |
4 | 723500 | 0.040 |
5 | 436636 | 0.039 |
1 | 70000 | 0.038 |
1 | 27027 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 105419 | 1 |
0.043 | 553584 | 2 |
0.044 | 94140 | 1 |
0.045 | 503403 | 4 |
0.046 | 184140 | 3 |
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