I don't think they pay any brokerage and hence those ridiculous orders.
I think everyone here is over thinking this.
It's simply fund managers (i.e. Hedge funds, Super funds, etc.) trying to take a position and they are putting in sell orders to try and trigger people's stop losses so they can pick up shares on the cheap.
Ann: Alexander Downer AC and Paul Cahill Appointed as Directors, page-44
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $5.077M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $4K | 1.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 21788917 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 23632240 | 14 |
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| IBG (ASX) Chart |