It makes any future based argument for share based remuneration incentives a hollow argument.
Regardless of the personal reasoning, it was the taking of share based remuneration in the first place that creates this situation and I suspect it won't be the last.
I was watching the trading unfold, and I would guess estimate there is at least another 4M plus shares to be sold between .026 and say 0.32 which I suspect is still the CEO & CFO selling down for personal reasons.
The sell down must have been orchestrated with a buyer/s (Institutional) knowledge to make it happen, that volume I doubt, would have been absorbed by retail investors alone considering the interest in this business currently.
It is frustrating.
It makes any future based argument for share based remuneration...
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $20.86M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $3.083K | 171.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6209 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 470278 | 2 |
View Market Depth
| Last trade - 12.10pm 08/05/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
0.001 ( 11.8 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.8¢ | 163791 | ||
| Last updated 12.36pm 08/05/2024 ? | |||||
| PPL (ASX) Chart |