The seller for 8.5 million at 2.8c is obviously not too worried about selling out . I reckon if I wanted out that badly to advertise to the world that I was a seller for that much stock I would just sell them down to 2.5c and walk away with 200,000 dollars.
So what is his game ??
He knows that there has not been a lot of buying lately so he knows full well by putting on a ten million sell order that he will impact the share price.
He knows that he will encourage others to sell below him which will make it harder for him to get out.
There is always a reason why someone does what they do. I would love to know what he is trying to achieve.
Never a dull moment on the ASX.
FUTURE POTENTIAL, page-916
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $1.609K | 402.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 191449 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17437040 | 24 |
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| Last trade - 11.25am 08/11/2024 (20 minute delay) ? |
| VRC (ASX) Chart |