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the major shareholder holds 2.071 billion shares the free-float...

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ddzx

37,911 Posts.

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19/06/17

13:12

Post #: 25356015
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Originally posted by milesy ↑

Come on elee

2.5 billion shares on issue, so 50 mill turnover is relatively low volume.

And at an average of say 10c, was valued at $5 mill, over two days.

Chump change if it was big players, but again, going on the hype here on HC and the large number of trades, I'd say mainly retail.

The broker data should tell us one way or another.

But one thing looks certain, in that every time it looks like there is support because it is 'cheap' there is a small bounce and this gets sold in to.

Down to 7.4c....bounce to 7.9 with what looks like buyers filling in...already back to 7.5c.

Same happened at 8.6c and before that at 10c.

Calling the bottom is brave when there is still the consolidation and a CR to consider, let alone uncertainty of exactly how much cash flow and profit is being made.

The blatant ramping over the days since re-listing has been appalling.

Milesy

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the major shareholder holds 2.071 billion shares

the free-float is 348 million shares, which was churned over 1.5 x in a week last September

its not as bad as it looks

RRP Price at posting: 7.8¢ Sentiment: None Disclosure: Held
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