The arvo auction seller appears every trading day at about 16:04-06 offering 200k-300k shares at the 2nd highest buy offer price. Then close to the end another BOT either is matching it by less than 1 share or it is the same "force"'to either absorb any real seller or to sell to a buyer.
The "Beauty" of this scenario is that the selling BOT never mucks around like so many other programs, it keeps its numbers to the very end and allows the buying BOT to adjust to achieve the lower price. I have, today too, taken advantage of it and bought during the arvo auction. For the past few weeks the general "rule" has been sell high during the last hour and buy back during the arvo auction for less.
If the sold shares aren't bought back by the same BOT the question is, who is the daily seller, selling about 5m shares per months for the past 3 months without any notice?
Lind? But that would have to be announced. If not Lind or City of Hope then there aren't any possible holders according to the recent top20 list. Or there are some but hidden behind countless nominee accounts. I am finally listed in the top 20 but way far off where I should be if the list is correctly updated.
But there is someone monitoring my holding, Hopper has " noticed " my holding in an email exchange.
Guys, not sure if I ever end up on the board but if, I promise you not to interfere in any science matter but in everything that would negatively impact our investments.
I would, if the ASX director rules allow, weekly update you about any progress and problems, keep things transparent and would represent us sh. Even if I would get outvoted at every meeting at least I would make them aware of the impact of the boards decisions for us sh.
GLTA
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