The CN will only dump shares if they think there are buying pressure to support the dump, if there are no buying pressures after their conversion they could make a loss if they offload the shares without any significant buying pressure causing the pps to drop well below their conversion, there is no doubt they saw them at 1.2-1.4c yesterday (which turned out to be real bids) so they dumped them.
Investors are probably expecting them to dump the remaining last 2 rounds of Tranche 1B (provided XPE re-purchases the remaining $1M from Trance 1A), hence they've stacked the bids side at .08-1.1c, but the CN could also end up holding on to their last remaining shares if they see more revenues starting to come into XPE and think there is a big chance for the pps to significantly rise after their conversion, it's a slim chance but possible.......
View attachment 589938
The CN will only dump shares if they think there are buying...
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OAK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.402M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 182500 | 1 |
View Market Depth
| Last trade - 16.12pm 26/06/2024 (20 minute delay) ? |
| OAK (ASX) Chart |
Day chart unavailable