RCE recce pharmaceuticals ltd

bit of everything but more likely illegal shortingits just not...

  1. 4,163 Posts.
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    bit of everything but more likely illegal shorting
    its just not possible to borrow 3-5 mill stock from diversified retailers outside the top 20
    no one identifiable inside the top 20 lent any
    cant depend on covering shorts from last three days by stock allocations from cap raise issued tomorrow
    thats illegal too
    using loophole asx regs
    “Seems to apply to recce with many one share upticks over the day“There's another rule that is not well known. You're not allowed to short sell into a price that is lower than the last executed price. It's meant to be a protection mechanism. But, interestingly, if you look at the course of sales over the past month for ABR, like recce last few days, you can see single buys or sells going on that have both a lower and a higher price in the one trade. That says to me an algo is working it, keeping within the rules. “


    refer
    As per asx rules Section 19.3.7 Note marketable parcel rules hence the number of small trades down to 1 share to keep the rules at bay F me loophole



    is it likely for the asx to pursue compliance?
    not really as source is big fellas offshore
    g sachs
    merrill lynch etc
    how could they anyway
    just get stonewalled

    relax guys next few anns will blow these guys outta the water

    this is not a stock loosely held enough to play algo games just wait and see



 
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(20min delay)
Last
38.5¢
Change
-0.005(1.28%)
Mkt cap ! $111.3M
Open High Low Value Volume
38.5¢ 38.5¢ 37.0¢ $21.54K 57.86K

Buyers (Bids)

No. Vol. Price($)
1 3248 37.5¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 49884 1
View Market Depth
Last trade - 14.27pm 30/07/2025 (20 minute delay) ?
RCE (ASX) Chart
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