Good opportunity for short sellers to return newly minted shares through stealth without the share price surging 31.5c
I suspect the share price never went over 31.5c and some real slimy characters were waiting for the capital raise to buy at a very low and generous price.
This explains the massive volume being purchased before the capital raise and opportunity for some participants who knew the details in advance to buy as many shares as possible before the closing date on the share registry.
All this seem very dodgy.
Good opportunity for short sellers to return newly minted shares...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $746.3K | 3.382M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 493243 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 894267 | 8 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |