Nice downramp as usual from the FRX/ZIP debacle crew.
Funny how all the scaremongering always manages to increase outgoings, and never once includes INCOME from Spark and others! Always fails to include revenue..
R&D?
You think they really need this $200k, after assuring us they're cashed in to 2020... or maybe someone getting set up at the right time?
Let's see if this also finds its way in to a Netwealth super fund.........
DD, unlucky with the big prediction of sellers pouring in at 4, leaving a stacked 4 sell queue..
I see BUYERS at 4, not sellers.
I noticed every time any sellers appeared at 4 today, they were quickly smashed..
Good signs, a proper buyer hitting this... and if 5 goes, well, my opinion is that 16m (safely stacked at 7) will be moved if/when it's no longer so safe - or removed anyway once the consolidation happens - so, look out if 5 goes soon.. There won't be anything left for Fomo and big buyers on news.
Now there's only 40m on the sell side, dropped what, 30m in the last week.. whether or not the 16m is fake.
Not many left!
Today there was NO chi-x sellers.. the total sell depth was exactly what's on asx. On the other hand, the total buy depth was well in to the 100m's. More buyers on chi-x...
1 interesting thing though....
While the downers preach CR, these small placements (we assume to someone very close to Nor) obviously will not be re-ratified.. so, the % remaining available for a further placement after news is lowering..
They might be getting some real cheap ones now, as part of an arrangement/returned favour later on..
Either way, when Non holders, and holders of other disgustingly performing and suspended companies are trying to always scaremonger a raise.. well, Nor SP appears heading the right way, big players appeared keen to buy up today, and that big scary raise that the downers talk about all year long - is becoming smaller again (even though we'd prefer the 10 or 15% all done at much higher prices, a chunk of it is already done).
Was good to see the trading today was actually buying, 4 getting wiped multiple times.. compared to previous movements, where pinnacle set up buyers to simultaneously dump in to.
Wonder if they'll move on or off market this time.
All eyes on netwealth super fund - which, before you all soon up, apparently is NOT Paul (as I initially assumed, and asked).. just someone with the exact same superfund.
(20min delay)