The trading of MLS has got to change before the SP does anything, it is very clear that there is someone on the register that does not want the SP to appreciate. Motives may be to accumulate, frustrate, but they have a lot of shares at their disposal at a whim they will add millions of shares to the buy and sell side. I think it may be more important for the company to determine who the shareholder is and what motives they have, ASIC will do nothing as this is all over the corrupt asx, but the company will have access to the register and could determine who is carry out such trades. Long term it makes no difference, short term it offers some top up, with so much news coming and currently well below cash backing, I would be thinking our new CEO may well be getting a little frustrated, as he will need the SP to go up considerably for him to hit some bonus shares, 8c I believe, thats more than 400% from here.
MLS Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
