I bought some around 50K. There has been a lot of buyers looking for stock around 20c and I reckon the catalyst must have been the release of locked up cash. Someone kept hitting the buy and someone or a few kept hitting placing the orders. It's not a lot of money. The 3,2 million at 21c is $670,000. There were 45 trades on Friday so average parcel size is just over 50,000 but if you download the sales it was a mixture of smaller trades and the some of just over 100000. Today's trades have been on average above 100k so very different and one was 300k. Not that many that have that holding.
The bigger question is when will it stop?
I am waiting for a change of holding announcement or if nothing comes of that then we are going to remain in the dark.
Would love for the company to publish its top20 every month. Or just do it on its website.
SEQ Price at posting:
20.5¢ Sentiment: None Disclosure: Held
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