The Company fell on their sword if you read the announcement. Rules and Regulations are in place for a reason and the Company obviously breached it by their response.
Obviously people who read the article either before or after the trading halt thinks the $1 Billion number that MT put out, was enough to cause people to buy in and drive up the price.
It's obvious to me that the only thing people here are looking for is a rise in the share price which means more money in the bank balance for you.
There's more to it than that.
There are real people participating in the trial here. Monepantel is their lifeline. Do they care if the share price rises by 16%?
I submit that they would prefer it if the people running the Company abide by the Rules and Regulations and let the results of the drug do the talking.
The Company fell on their sword if you read the announcement....
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $71.26M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $176.2K | 984.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 78845 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 220687 | 3 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
18.0¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 18.0¢ | 18.0¢ | 17.5¢ | 138386 | ||
| Last updated 15.33pm 22/05/2024 ? | |||||
| PAA (ASX) Chart |