So I think the complaint is, if yr an institution and you have just been told you have received a fixed allocation of say 500k shares , then if this represents 6% of your current holding then you would sell down 500k of shares immediately at say where they were at$1.05- $1.10. lock in this profit, and you still have the same amount of shares that you originally had, but a nice entry at .91c for some.
hence there is currently selling pressure down to .91c . all those institutions with their fixed allocations able to sell. Us, well we don't know our allocation for a few weeks and by that time the premium will have evaporated. yes there are positive announcements, but for now....,DYOR...
Ann: Prospectus, page-12
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53.5¢ |
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Mkt cap ! $219.6M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.5¢ | 51.5¢ | $87.23K | 165.4K |
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| No. | Vol. | Price($) |
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| 1 | 1972 | 53.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 18244 | 1 |
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