PLT 5.76% 65.5¢ plenti group limited

what the, page-3

  1. TTH
    1,255 Posts.
    Hi guys n gals,

    Whether the 100K sell was manipulation or not, the rest of the SP action is very predictable.

    A sell went through about half an hour ago for that magic number: 45,455 (i.e. maximum SPP allocation).

    On Friday all of the sales consisted of 4 PLT sells for exactly 45,455 shares, after an inital 4,000 dummy buy. These occurred from when the allocations had gone through.

    Obviously 5 individuals have sold their newly aquired shares from the SPP. There's enough on the buy side for another 4 such trades with profit at 11.5c (around $200 after brokerage; last Friday it was $420+ at 12-12.5c).

    From that point onwards there will then be 5 more trades available for those just wanting to get money back at 11c, for individuals that might have subscribed just to help the company out (and/or been too slow to make a small profit).

    Good on them all, I say. At least they gave the company an extra $25K (for trades so far) and then made a little profit as well from Mr Market. However, hopefully they will be VERY sorry in a couple/few months from now when the SP skyrockets (IMO).

    Prior to the SPP I was concerned about sells and the SP dipping. Now it's a matter of 'who cares?', as the money is now topped up in the PLT bank account, and the market can do what it wants without affecting PLT's ability to get on with the job and save lives and make us all rich!

    Cheers

    p.s. the estimates above re. number of trades etc. are obviously based on the buy depth at the time of this post

    p.p.s. the likelihood of the SP dropping to 11c or even all of the 11.5c buys being 'taken out' obviously assume there is no one who suddenly does a big buy for whatever reason ... who knows?!
 
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Last
65.5¢
Change
-0.040(5.76%)
Mkt cap ! $114.8M
Open High Low Value Volume
69.0¢ 69.0¢ 65.0¢ $9.835K 14.50K

Buyers (Bids)

No. Vol. Price($)
2 10685 65.5¢
 

Sellers (Offers)

Price($) Vol. No.
70.0¢ 3539 2
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Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
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