Hi Everyone, I am curious, there is a buy at 0.765 for 100,000...

Hi Everyone,

I am curious, there is a buy at 0.765 for 100,000 shares. I thought it would disappear after the end of day's usual stupidity, and may even tomorrow before trading, who knows.

If you take it as serious, the cost is $76,500.00 plus brokerage fees, if got at that price.

However, if you take all that I can currently see on screen to sell, and you bought up to 100,000 shares at the varying price levels, if nothing changed, it would cost $80,333 excluding brokerage fees.

Additionally, if no other sellers added to the current list, the price would be at 0.84. Average buy in price would be 0.803, so still in front.

The difference is $3,833. They are wanting 100,000 shares and quibbling about this minor amount? I don't get it.

A petty cash amount if the SP heads higher, given the fundamentals, and still lower than RL and the recent large investor (no name), buy in price of 0.85.

However, it also occurred to me that it is possibly there to stop the SP being played and manipulated down further on low volume? A largish road block, that stalls the manipulation down, and puts the shares in more reliable hands, while we wait for more news and buyer interest and then volume.

It would take more funds to play, as not trading to themselves, so would cost more, to push the SP lower, as 100,000 shares is about half the daily volume of late, so possible it is there to stop the obvious easy cheap manipulation on extremely small trades.

I guess if you did buy all the shares up to 0.84, the fun people would just be back to force it down again on small volume, so it might be wise to leave the large road block, relative to recent volume, there for awhile, if indeed it is still there on opening of trade tomorrow.

Nicer even if the price was just a tad higher, but I guess all good things take time.

Just my odd thoughts as usual, and still learning, so be nice.

I was curious, and interested to know. As I said, the buy could disappear tomorrow, will be interesting to see.


Cheers
gsmaree