Could have been two methods of profiteering from the insto's
Double whammy scam for the retailers :
1/Insto's take a short position - (Borrow shares you don't own) selling at a higher price eg .055
& closing out position at lower level eg .029 & pocketing the difference.
( I doubt retailers can do this but brokers may be able to as I saw XPE on the short sell
list )
http://www.asx.com.au/data/shortsell.txt ( XPE at bottom of list )
2/Once price has been pushed to the desired low price (say .029) hand break is
let off and insto's make a packet on the ride back up carried by the retailers.
Sounds shocking but I would not be the least surprised
knowing how their greedy brains work ...
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- Ann: Response to ASX Price Query-XPE.AX
Ann: Response to ASX Price Query-XPE.AX, page-525
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.619M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 42973 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.061 |
3 | 17475 | 0.060 |
1 | 82000 | 0.054 |
1 | 55000 | 0.053 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 42973 | 1 |
0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
Last trade - 16.12pm 05/11/2024 (20 minute delay) ? |
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