the 3m bid was pulled after the market closed, which makes sense.
It was on the screen for about 30 mins for a value of $153k.
That's not your average speccy punter. The order was probably trying to do a couple of things.
1. Show confidence in the story and stock.
2. Acquire a reasonable size line at these prices. Not going to get a placement.
3. Tempt any sizeable seller to exit at 5.1c. While the turnover has increased over the last month, it would still take a couple of days/week for a seller to exit 3m shares and not reduce the price. There was an opportunity to do it in one go and NO TAKERS.
A positive sign. Will the order be back? Maybe/ maybe not. IF NOT, They may want acquire the stock slowly, like what we've seen in recent weeks with the bid being hit. IF IT'S BACK, then Bossivic might get the chart prediction he's after.
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