I did ask the Q around the sell-off ...to Mgmt ...who did they piss-off ..as S/Hs selling started after the placement 2.55mill @ 5c 2nd May... as we know from the placement ann..
“We welcome new institutional and sophisticated investors to AVM and acknowledge the ongoing support of existing shareholders, including several of our large holders who participated in the Placement.
previous 4.4c raise-“AVM wishes to acknowledge the ongoing support of its shareholders, including several of its large institutional and wholesale shareholders who cornerstoneed this Placement, as well as welcoming several new institutional investors to the register.
So maybe some of the guys in the first raise weren't able to get on board for the second raise ...so thinking pressurising the SP could hurt the ones that did...?
I recall DTR SP getting hammered after a placement ..found out it was Insto's pissed off that the company hadn't done the REE exploratio they wanted the company to do after a earlier raise so they could make a quick profit ... these brokers pissed off called up the MD told him he lied and they would crush the companies value tell all their clients to sell asap etc the SP fell from 1c to .3c (thanks broker Aholes I filled up)
AVM Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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