The underwriters will pump hard if placed. They will receive circa 633m shares at .003c for their $2m. How do they protect themselves ? They push the price higher whilst selling back into the pump. Zero risk and will be a sharp increase IMO if they are filled.
That’s an underwriters MO…
That’s the rort….
Ann: Supplementary Prospectus, page-45
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Last
0.2¢ |
Change
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Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.337K | 1.668M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 154669483 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 13752491 | 13 |
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| LPD (ASX) Chart |