Theory 1: Running out of money. Not wanting to go hat in hand back to shareholders yet as they are well aware of the company’s ineptitude and their SP would be punished accordingly. Figuring any way to drum up interest to get the options in the money (see their most recent efforts to build some excitement with a trading halt for hardly material AC drilling results) or just a free hand out from SPX - maybe hoges thinks bully tactics will scare a young chairman into giving him a freebie.
Theory 2: There is a bigger player at work behind the scenes wanting to pick up SPX and all the surrounding ground for a song. Pulling hoges strings to weaken SPX share price via frivolous legal action while offering to buy them out as part of the whole package.
Theory 3: @m0ngy is Matt Hogan! Scooby-doo moment for you right there.
Ann: Spectrum provides update on VMC claim, page-45
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $3.664K | 345.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4458789 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1790962 | 7 |
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| SPX (ASX) Chart |