Billionaires dont have loose change. They are tight as fk and hate paying tax. As rabbit says it was a hedge. I doubt he set out to crush the sp. It was a wait and see. Once apparent the market gave 2 fs about RWL water then out come the sell algos and the tax loss hedge begins. Simple really. Very common for alot of high rollers merging a loss making private business to public.
Anything can happen from here. Whats alarming is the quiet shift away from MABR. Is it a dud? Is it a shift away or just not selling? Bugger all sales in countries with higher standards is a concern. Profit is king. Flip a coin now.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 46221 | 0.089 |
1 | 2000 | 0.088 |
2 | 240000 | 0.087 |
2 | 123529 | 0.085 |
Price($) | Vol. | No. |
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0.092 | 22322 | 1 |
0.095 | 43242 | 1 |
0.096 | 8791 | 1 |
0.098 | 4000 | 1 |
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