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Or if they want a placement of shares on the cheap?

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bubsmark

10,602 Posts.

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25/09/18

18:47

Post #: 35834807
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Originally posted by sachz ↑

prime reason some1 would sell down a SP for a stock at COB (happened twice in a row now), is...

lets say, Sanjeev, wanted to plan a hostile takeover of KFE.

he'd get the last 5 days of closing SP for the stock.

he's throw in a 30% premium,

bobs ur uncle.

board will have to receive it and present it to the group.

a 30% premium on 15.5c is a fair bit lower in total $$$ than on 16.5c, lets just say.

now, i know ur thinking its VWAP and not closing SP, but with bots at play they do go hand-in-hand.

also, board can recommend SH's reject TO and in the best case scenario we have a 2nd party interested.

then a bidding war happens....

lots of reasons to sell down a stock's SP on close. the above is just one.

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Or if they want a placement of shares on the cheap?

KFE Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $76.08M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$60.34K	2.844M

Buyers (Bids)

No.	Vol.	Price($)
4	753808	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	498678	3

View Market Depth

No.	Vol.	Price($)
3	723808	0.021
15	2406850	0.020
11	1396057	0.019
7	1654999	0.018
3	5458823	0.017

Price($)	Vol.	No.
0.022	498678	3
0.023	892204	3
0.024	1250000	4
0.025	978195	3
0.026	961538	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

M4M (ASX) Chart

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