ADO 9.52% 1.9¢ anteotech ltd

Hey mate,Very good thinking, but here is my counter.If I had...

  1. 1,631 Posts.
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    Hey mate,

    Very good thinking, but here is my counter.

    If I had options I wanted to exit:
    My previous post described why I would rather convert then sell as its a better approach financially.
    So now I have converted and I want to sell stock (not options). I want the price to be as high as possible of course so I can offload and roll around in my millions like Uncle Scrooge.

    How do you propose I get the price up as part of a "pump"? Only 2 options I can think about without pumping in media, forums, twitter etc.
    1. I buy more stock and hope that I attract enough traders to buy and help prop up the price. Issue with this is I would need to be putting more money into a stock I wish to exist, AND, I would be risking the traders I've attracted jumping ship before me or at the same time as me.
    2. I use my existing stock to create liquidity and sell. But this means I have to have enough people about there mopping up 16m shares at higher prices than recent prices. Why would they do that?

    I just don't understand the mechanics you allude to. I am not being "clever" in my questions, I am genuinely curious. Because if I knew the answer to how to move a stock price up and "pump" it (without talking it up publicly - with just my own trades) then my strategy might be very different for all stocks.
 
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Last
1.9¢
Change
-0.002(9.52%)
Mkt cap ! $49.37M
Open High Low Value Volume
2.1¢ 2.1¢ 1.9¢ $1.626K 79.83K

Buyers (Bids)

No. Vol. Price($)
8 2522181 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1082466 6
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Last trade - 11.36am 19/08/2024 (20 minute delay) ?
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