@hersuit, perhaps I'm missing something but I really don't see any cause for concern here. Let's suppose that all the spike in trading could be attributed to one or more "insiders" wanting to get their hands on a bunch of SPP allocations at $30k each. There were 55 trades on 13/5 compared to an average of 16 trades per day. So that would suggest that these "insider(s)" opened say 30-40 new accounts (55-16) so they could get an allocation of say $1 million to the SPP, in the hope of booking a paper gain of say 2c per share (incl options), minus the paper loss on the trades done on 13/5, or a net paper gain of roughly $100,000. That seems like small bikkies for someone with a spare $1m to risk going to prison for, when they could have just called the company during the trading halt to bid for a $1 million allocation, and made a slightly higher paper gain.
Or am I really missing something?
Disclosure: I did not trade shares on any of the days shown in the table and intend to take up my SPP allocation.
EEG Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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