The main advantage would be to have a larger proportion of shares in safe hands. Assuming this is not a Hartleys or Patto’s raise, the SIs would be considered to hold longer term. When there is a high percentage of retail holders (us) in a stock it is more prone to panic selling at any hint of a drop in SP. This is not a hard and fast rule but a general market assumption.
Industry experts like Sprott or Creasy are even more highly sought as cornerstone investors.
Ann: Trading Halt, page-149
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Last
38.0¢ |
Change
0.015(4.11%) |
Mkt cap ! $65.33M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 40.5¢ | 35.5¢ | $92.90K | 245.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2777 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 500 | 1 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| CNB (ASX) Chart |