Adding onto my previous post - I think we can all agree this announcement is negative as shareholder uptake was extremely low, showing low confidence in management.
However, traded volume remains just as low as the last 3weeks. There hasn't been a sell down so far.
Could this be due to major investors manipulating share price to reduce shareholder uptake?
Volume to drop share price on 02/05 was ~2.5mil. 2.5mil shares for the better part of ~33.6m underwritten shares + options of ~16.8m is not a bad trade off.
I could be totally deluded here but I guess we'll see.
imo and DYOR
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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3 | 246000 | 0.034 |
2 | 100000 | 0.033 |
2 | 225000 | 0.032 |
1 | 302425 | 0.031 |
Price($) | Vol. | No. |
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0.040 | 44390 | 2 |
0.042 | 11626 | 1 |
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