The main advantage would be to have a larger proportion of shares in safe hands. Assuming this is not a Hartleys or Patto’s raise, the SIs would be considered to hold longer term. When there is a high percentage of retail holders (us) in a stock it is more prone to panic selling at any hint of a drop in SP. This is not a hard and fast rule but a general market assumption.
Industry experts like Sprott or Creasy are even more highly sought as cornerstone investors.
Ann: Trading Halt, page-149
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $77.37M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 48.5¢ | 42.5¢ | $153.4K | 339.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15138 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 6080 | 2 |
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| Last trade - 14.14pm 06/08/2024 (20 minute delay) ? |
| CNB (ASX) Chart |