I'm certain there are some games being played.I have a friend...

I'm certain there are some games being played.

I have a friend who previously invested a small amount of money in AKO via his SMSF, and today he decided to buy more.

He called me to talk him through the transaction, and he decided to put in an order for $10k worth of shares at $0.17c, given that is the level at which 14,500 shares were available.

He purchased the 14,500 available shares at $0.17, but instantly after he said he made the transaction I refreshed the market depth and saw that there was another order for 43,295 shares at $0.175c, and there was also an order for 20,100 at $0.17c that instantly appeared.

These orders literally appeared at the exact same time as he made his trade.

The buy depth is also a heap for CXA orders at $0.005c increments.

This is good news if this means someone is trying to buy in in a meaningful way as they appear to be using sophisticated strategies or tooling.

The lack of liquidity will pose a challenge for them, but it also means they will likely do what they can to keep the price down whilst they are trying to accumulate (if my "conspiracy theory" is true).