Ann: Cirralto Signs First BNPL Trade Customer, page-99

This crap has been going on for years mate. It’s annoying as hell and a blight on the ASX in my view. It can be a tool that the big boys use to keep a share where they want it, to frustrate and soak up as much as they can in a company they see real long term value in. The one thing you can sometimes take from it is, it can actually be a sign of strong market confidence.. sometimes . At certain points when the story gets so compelling to the market, like when a really great quarterly revenue result drops or big deal with a lot of media ,the algorithms will be put to bed for a bit and it will be let loose to run and rerate.. Then you’ll quite often find the whole bloody process will begin again, just at the higher range.. a fair bit of it is range traders running these programs, making pips that are pretty healthy percentages on a penny stock, as we are at this stage too. It really does piss you off, but the ASX pretty clearly do not intend to ever put a stop to it.. and you just need to remember that eventually intrinsic value will catch up with a company regardless of this annoyance.