he thought he was going to be a genius and sell LIN at 35c and buy LEL at 90c pre MRE then buy back LIN cheaper, it's that simple. The problem was LEL went and raised on him and now has two very concerning gaps 73c and 58c
He will be kicking himself very hard at the moment but you cannot blame him for thinking that LINs selling and capping could continue for another 50yrs.
He mentioned the capping and how they were stealing shares from the nervous every day for 8 months, IMO his selling was nothing but a gamble that he took in order to increase his LIN holdings, and to make the gamble even riskier he did at eofy
Ann: ASX clarification and retraction statement, page-35
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Last
10.0¢ |
Change
0.005(5.26%) |
Mkt cap ! $115.2M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.4¢ | $71.16K | 732.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15503 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 213409 | 3 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| LIN (ASX) Chart |