VOR 0.00% 39.5¢ vortiv limited

Ann: TSN to Acquire Profitable Cloud & Cloud Security Business, page-21

  1. 674 Posts.
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    Eagerly, only 65k volume sold today into 0.007 compared to a depth of 12m+ at that level. So very limited volume sales. Will be daytraders I suspect who likely bought in at 0.009 on the announcement release & presumably now looking to move on. Nothing to worry about.

    Quite a large wall at 0.008 on the sell side; wouldn't surprise me if this is actually the 'sophisticated' investors who got in the recent cap raise at 0.0085 i.e. sell at 0.008 & take all the options for just 0.0005 cost (if I have enough zero's??).

    My expectation would be that this will tick up slowly over time so that the options come into the money i.e. expect us to be over 0.010 in 6 months time.

    Will be far too slow (boring) for most daytraders but I'll quite happily take a 25% rise in 6 months in these markets as I see very little downside from here. Typically TSN does not move rapidly with all the shares on offer - but it can happen i.e. end of 2015 when we went from 0.003 to 0.04 in about 6 months. 

     


     
 
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