So looking at the broker data, the tiny parcel that got hit on Monday @ 004 went to TC. That tells me they are top of the queue @ 004. They've also been sellers @ 005. So they put pressure on 005 on the sell side and hope people sell into 004. Will struggle to get much liquidity at that level imo but since the IPO CR is likely to be at 004, it doesn't matter too much.
And for anyone who's concerned about a bit of selling by the DM/lead manager, the same thing happened with KSO/XF1 and CTT/FOD, with TC being the biggest seller, post-Ann, by a mile. End of the day there's no way the large holders in the T10 will be able to exit for a decent profit, without a sizeable liquidity event. I think we could see some Gooroo news, well before the suspension.
PTR Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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