Clearly the big boys are keeping a lid on the price. Seeing it as a good time to buy at these low prices. management have said many times in announcement recently the ASIC range of $1750-$1950 is within the range. So anything above $1950 will be the MD immediate sacking with immediate affect or loose all credibility from all investors. I personally believe the CFO should be sacked. How on earth do you have another credit raise within 3 months of the previous one and why didn’t they do it when the share price was 28 cents a few weeks ago? Clearly In my opinion their is some insider trading going on between friends of the management.
RED Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held