RGT argent biopharma limited

Ann: Pharma Update - Increased Orders and Clinical Study, page-31

  1. 15,137 Posts.
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    I think there is an SP manipulation issue - you only have to see the number of very small trades that come in at below the SP at the time. No one looks at a company where the SP is trending upwards after an announcement and then sells a small parcel at a lower price and when that is happening several times in a trading session - and every trading session - something does not feel right. I am not into conspiracy theories - and I get the irony of me just pointing one out of my own - but it is hard to fathom out why this is happening.

    Over the last two months, there have been some very material announcements - mixed in with some minor ones of course. It would be logical that the SP would be positively affected - and that has not happened. A company announces almost a $1mil total revenue increase from a previous quarter where revenue was almost non existent - that is not talking up a situation. That is a significant change in circumstances. That is the basis of a potential enhanced future. All that promise needs to be realised of course but it certainly should have had a visible SP nudge upwards.

    12 months ago, MXC was a shambles. Today, you could almost be forgiven for thinking this is a different company altogether. Some decisions made in 2018 defy logic and do appear to be very amateurish as you pointed out. I am heartened that there seems to be a change in management style and, perhaps, a renewed energy in getting MXC back on track. The move to focus on MM may well be the catalyst for that change.
 
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Last
16.5¢
Change
-0.030(15.4%)
Mkt cap ! $9.483M
Open High Low Value Volume
19.5¢ 19.5¢ 16.0¢ $12.93K 71.86K

Buyers (Bids)

No. Vol. Price($)
1 12500 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 20950 1
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