Let's say, just for shits and giggles, that they bought their 528 million shares for an average .035. This makes their outlay a rough $18.5 million.
What would be easier from this point, lend them to a related party and short them down by half to .0175 for a $9 profit? Or manipulate the price upwards to around .07 (should be easy enough to do with that volume of shares to play around with) and then start to sell down for a profit of $18 million.
Ann: Becoming a substantial holder, page-32
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Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.5¢ | $1.316M | 50.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2045173 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 10890743 | 33 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |