seconds before the open they had 6.75m on the buy side at 0.2c and 5m on the sell side at 0.1c, then they amended both to 5m at the match, so they went through at 0.2c.
2 explanations:
1) a total goose who doesn’t know what he’s doing buying 5m for $10k when he could have amended the buy side to 4,999,999 and had them for half at 0.1c. Unlikely, but you never know, it’s possible. Of course, if he really wanted to pay 0.2c, why would he bother pre-open when there were 75m stacked up for him to grab all day but he never came back? The seller woz an innocent bystander who was leaving himself wide open for the buyer to cancel with seconds to go so he would have sold his 5m into the 0.1c pile... hmmm... no, maybe stretching the imagination now...
2) someone who does know what they’re doing playing with himself. 2 reasons: a) he wants it to look like the action is all at 0.2c to encourage buyers because that’s where he’s selling b) he will be there again tomorrow hoping to attract pre-open sellers at 0.1c, who think they will get filled by his big 0.2c order just like yesterday... but he’s the guy on top of the 0.1c buy side, so his bot pulls his order with nanoseconds to go and you dump into him for half what you thought you would get, sucked in...
fun & games...
either way, I think the 1c entitlement rights are such a good deal for new holders that you will see a bit of genuine action into the 0.2c pile soon enough, however bad a deal current holders think it looks like. btw zero chance the general meeting motions won’t pass, top holders have that in the bag, so forget about that one anyone wondering if the 60:1 wouldn’t get through.
