From Yahoo forum on OTC SP behaviour
Market Makers at Play: Market manipulation at its best !The collapse of AUNXF today is a clear result of the MMs dumping a lot of stock they do not own. It would seem an obvious tactic of the MMs that they short AUNXF, selling the stock then buying back at a discount in Australia. Ever since suspension of AXP they have been shorting AUNXF with no ability to even their books, an accumulative short in excess of a Billion shares. If they have an average cost of say .018 which they hope to buy back on the OZ market, it makes more sense to them to dump non-existent shares on the OTC, force the market down, and make those in OZ think that the appropriate price is say .0135 or about 1.8 cents OZ.Hopefully those in OZ see through this market manipulation and hold out for higher prices, beating the Market Makers at their own game.
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.824M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 35356618 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 148264566 | 73 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 35356618 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 148264566 | 73 |
0.003 | 14142568 | 16 |
0.004 | 14620913 | 12 |
0.005 | 3401679 | 15 |
0.006 | 4876430 | 7 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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