The way I see this online purchase is,
The considerations and possibilities
- This is a strong vote of confidence in the company by James, it is serious money.
- This removes a large parcel of shares from retail circulation, as such more power to the board.
- This indicates that a capital raise is NOT in the near future, If one was James would simply wait.
- This indicates that a news event of substance is nearer than any possible capital raising event and James wants cheap shares.
- This indicates that the capital raise is a part of the news event and will be contained to the substantive event only.
- This could be seen as of interest and I hope he has a legitimate strategy in place.
I am actually in favour of the purchase because it reflects strong confidence, sends that signal and indicates progress, possible near term news and respite for shareholders.
RED
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Mkt cap ! $111.1M |
Open | High | Low | Value | Volume |
48.0¢ | 48.0¢ | 47.0¢ | $25.56K | 53.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 29347 | 47.0¢ |
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Price($) | Vol. | No. |
---|---|---|
48.0¢ | 2624 | 2 |
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No. | Vol. | Price($) |
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3 | 29347 | 0.470 |
5 | 54404 | 0.465 |
2 | 19143 | 0.460 |
4 | 25769 | 0.455 |
6 | 31444 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 2624 | 2 |
0.490 | 3000 | 2 |
0.495 | 5120 | 2 |
0.500 | 1100 | 1 |
0.510 | 7640 | 1 |
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