ASM 7.38% 56.5¢ australian strategic materials limited

Ann: Response to ASX Price and Volume Query, page-14

  1. 45 Posts.
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    There was a huge jump in ASM shares traded on the Pink sheets (as ASMMF) in the U.S. markets the day before this ASM surge past $10 happened. Average trade of ASMMF is only around several hundred shares per day at most, and more often than not zero trades are registered, but suddenly around 24,000 shares traded with about a 20% rise in share price. There are shenanigans on the OTC with a lack of transparency about trades so they made it look like it didn't rise that much on the day, but it did. I watch it every day. I guess my point is someone trading on the OTC here in the U.S. knew something was coming.

    These ASMMF shares are what some of us foreign holders received in the demerger from Alkane, since we were not eligible for the regular shares.

    Anyway, I thought I might add another piece of the puzzle that was this sudden gallop past $10.
 
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