@aus_del08My uneducated observations during the past 5 months:1...

@aus_del08

My uneducated observations during the past 5 months:

1 & 2c walls seems to be controlled by someone, so if a person sells down someone picks up these shares at 1c and if a person buys then this someone has sold their 1c shares at 100% profit.

I believe this someone was also doing this for 2 & 3c etc. then dropped it down a peg, when able.

Unfortunately, with little interest in this company at present, I suspect they'll just churn this between 1 & 2c for as long as they can milk it.

I'm not very knowledgeable in certain aspects of trading but I anticipate that if I was to place a buy order at 1c today there would be almost zero chance of it being filled before it expired (CommSec) therefore, my only option is to buy at 2c. If I then had to sell and the price hadn't risen, I'd be forced to sell at 1c - a 50% loss.

I've been watching this company for well over a year now hoping for some positive news to buy in, but have not been inspired at all and have only seen its SP slowly decline.
This SP control to me just feels like a bear trap and I think the company is on its last legs.

Hopefully I'm wrong for anyone still holding.

All IMO.