I don’t think anyone is trying to suppress the shareprice (other than perhaps the broker that devised the placement and the shareholders who ratified the placement and approved the option give away)…
i reckon the selling is just some placement/spp participants who couldn’t resist the heavy discount and have lost interest waiting for the rebound.
And with more supply to come at prices not too far north, it’s no wonder would be buyers are hesitant until that’s cleared.
best to keep CRs simple.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-68
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $49.79M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $24.71K | 1.187M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1597512 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1247111 | 2 |
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| ADO (ASX) Chart |