GNX genex power limited

17 times normal volume keeping the price 3-4 cents above issue price., page-9

  1. 259 Posts.
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    Hi Tera,

    I think what occurred yesterday was a combination of rebalancing and new entries to GNX.

    I was considering to use yesterday to fund my portion of the capital raise, for example.

    If I sold a portion of my holding yesterday (23 cents) I could have used those funds to buy shares at a lower price (20 cents) in the capital raise. Net gain 3 cents per share.

    I could have made money and maintained the same amount of shares. But my % holding of the company would have been reduced and I would loose the opportunity to sell those shares at a future price.

    I did try sell shares yesterday, but the share price did not match my ask. I am happy to participate in the capital raise as I see this company share value increasing towards the 30-40 cent mark within the next 2 years.

 
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