So let's say today MC scoops up 500,000 shares from weak hands at 22c just as a random example. Then tomorrow they announce a favorbale subscription deal with Iridium, confirm 5,000 Certus units ordered or shipped and 20,000 Zoleo's ordered you and the ASX would have no issue with this at all and think there is no reason he should not be able to buy shares freely today?
I believe they were locked due to 4C then FY results and tying into ongoing Certus subscription deal likely on top.
Whilst it would be a vote of confidence at the end of the day it will lower liquidity anyway.
What we need is some of these news items to actually drop and it is a simple as that BUT we are coming into a period where either way we will see 4C update come out so this could be make or break and a real litmus test as to how we are trcking. Based from the FY report if it is not a good update it would be surprising giving the bullish and upbeat report only 30 days ago.
BCC Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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