NOR 4.17% 4.6¢ norwood systems limited

Ann: Change in substantial holding, page-257

  1. Doz
    4,460 Posts.
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    7Sundays began investing and purchasing in December , $179,244.05 .
    In the following quarter they added $326,830.80 .
    Some here suggest they have done this in an act of desperation , to average down or prop up the company . They now have $506,074.85 invested . I could not disagree more with their statements .
    We have 12 out of the top 20 increasing their holdings over the last 7 weeks . Some 23,026,812 shares have been purchased by these 12 .
    4 of the top 20 have recorded no change over this period and 4 others have decreased their holdings , 2 by around 50,000 only .
    So , if you think all 12 or even 1 of the 12 are averaging down or propping up the company because it’s a last chance effort to recover any losses with an extreme high risk game plan or tactic , I think you will be simply wrong in your opinion . imo

    https://hotcopper.com.au/data/attachments/2079/2079360-f6e3232c801c84802c4884271765a652.jpg
 
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