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16.0¢ metalstech limited

Think shareholders are at risk here? I hate how shadowy all...

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Wado87

3,631 Posts.

212

02/09/24

16:06

Post #: 75491436
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Originally posted by gberra: ↑

I remember being involved in a previous takeover where Macquarie kept buying shares only to then transfer them to one party in a bidding war. Clear as day. It’s Not technically allowed to purchase shares on market at under a bid price but it was clearly happening. Sometimes when there are related parties it is kept pretty opaque. Similar thing occurred with some Australian takeovers recently where one party buys a chunk (up to the 20% takeover limit )and similarly another party buys a chunk ( to the 20% limit ) and then out of nowhere 1 party agrees to sell there shares to the other party so they have close to 40% without too much trouble it’s a much easier step then to succeed with a takeover from there. They try to mask it but it’s pretty obvious it was a stray all along. Not sure what is happening here but when there is money ito be made there can be some pretty dodgey practices. GLTAHs

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Think shareholders are at risk here? I hate how shadowy all these dealings appear

MTC Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $31.49M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$17.57K	112.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	92780	2

View Market Depth

No.	Vol.	Price($)
1	1	0.160
7	153525	0.155
1	50000	0.150
4	67000	0.145
2	25100	0.140

Price($)	Vol.	No.
0.165	92780	2
0.170	60600	1
0.185	43695	1
0.190	7500	1
0.195	25000	1

Last trade - 16.10pm 07/10/2024 (20 minute delay)

MTC (ASX) Chart