Why would an SFG vendor sell on market at 0.003?
There has been ingenious financial tricks involved in engineering this transaction.
# 1st: SFG acquired 80m shares in MWS at prices between 0.007 & o.011 (mostly at 0.01) at a cost of around $800,000.....The SP was hovering around 0.007 because of SFG buying support.
# Then came the hugely discounted rights issue at 0.002!!!....Almost unheard of....From 0.007 to 0.002.....SFG acquired a further 100m shares in this exercise ( rights + shortfall)
# The last trick was the issue of a couple of billion to SFG at a "deemed" acquisition price of 0.007.
In other words SFG is sitting on a massive "nominal" CGT Loss.....The 1st 80m shares is genuine CGT loss & the rights issue is a comparatively small CGT gain.....All up, the vendors of SFG are sitting on roughly $10m CGT Loss (mostly "nominal" or engineered)
I take this sale by Giddyup as "nominal"....it means very little if we look at the full financial engineering effort.....The market didn't blink or panic after the announcement.
Not putting a gloss on the matter...Just trying to understand it.
I have opined before that trading in MWS has been & will always be difficult to read....Trading a trader....A tough task.
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SEQ
sequoia financial group ltd
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35.5¢

Why would an SFG vendor sell on market at 0.003? There has been...
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $43.87M |
Open | High | Low | Value | Volume |
35.5¢ | 35.5¢ | 35.0¢ | $37.20K | 105.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 56039 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.5¢ | 19052 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50325 | 0.350 |
1 | 2944 | 0.340 |
1 | 2982 | 0.335 |
1 | 3000 | 0.330 |
2 | 69535 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 19052 | 2 |
0.360 | 134902 | 2 |
0.365 | 72540 | 3 |
0.370 | 33513 | 2 |
0.375 | 89000 | 3 |
Last trade - 15.00pm 27/06/2025 (20 minute delay) ? |
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SEQ (ASX) Chart |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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