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1.03%

9.8¢ starpharma holdings limited

Is SPL dying?, page-2

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185

06/10/23

16:31

Post #: 70213604
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Originally posted by Esmer: ↑

Terminal symptoms: Relentless selling. SP reducing to just a few cents. Such a long time since any director bought shares.

Sounds like a penny dreadful resources company that is running out of funds and whose next announcement will be a disaster. (I've seen a few resources companies in my time where seriously bad news was almost inexplicable and must have been known to some people long before it was released. And don't expect ASX/ASIC to ever do anything about such circumstantial shenanigans unless somebody presents incontrovertible evidence to them on a plate, which never happens because the only people with incontrovertible evidence are the insiders.)

But SPL is different, isn't it? SPL is not a penny dreadful (not yet anyway) and it is not a resources company and it has enough funds to last a few more years even if it never makes a cent. And somebody must be buying all the shares that are being sold. Maybe they are the smart ones. Maybe they know something. It's probably stop-loss selling and panic selling.

Nevertheless the continuing relentless dumping of shares, at a time when important announcements appear to be overdue, strongly suggests that something is not right.

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SPL Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.001(1.03%)		Mkt cap ! $40.90M

Open	High	Low	Value	Volume
9.5¢	9.8¢	9.5¢	$3.089K	31.87K

Buyers (Bids)

No.	Vol.	Price($)
2	58131	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	34876	2

View Market Depth

No.	Vol.	Price($)
2	58131	0.096
3	308325	0.095
4	360000	0.094
2	9659	0.093
2	134306	0.092

Price($)	Vol.	No.
0.100	34876	2
0.105	209291	3
0.110	168286	9
0.115	85453	2
0.120	79405	9

Last trade - 16.10pm 07/10/2024 (20 minute delay)

SPL (ASX) Chart