I agree with you. Management are 'making the market' by continually placing huge buy orders each pip below the market price. There is now a 20 million and two x 10 million bids at 1.1 cents.
My concern is this: What are these actions doing to the reputation of the Company?
To me (and from a few other posters such as @Chillicop) by continually placing bids at lower prices, it is telling the market that management don't even think that the Company is worth the current asking price! Is that why we are not seeing any buys but rather just sells into the bids?
The following is from a Federal Court case of Cassimatis v ASIC:
Justice Edelman: ‘the interests of the corporation include the interests of the shareholders’. Courts have also noted that a company’s interests extend beyond the company itself to its shareholders and creditors, and involves the avoidance of harm to the overall reputation of the company and shareholders, as well as compliance with the law'.
- Forums
- ASX - By Stock
- BRK
- Ann: Update - Notification of buy-back - BRK
Ann: Update - Notification of buy-back - BRK, page-57
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $11.34K | 1.151M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 25064516 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 15355946 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 25064516 | 0.009 |
25 | 17555321 | 0.008 |
9 | 4405142 | 0.007 |
6 | 2421677 | 0.006 |
8 | 2758001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 14355946 | 16 |
0.011 | 50443414 | 49 |
0.012 | 11254609 | 16 |
0.013 | 15767673 | 15 |
0.014 | 12121951 | 14 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
BRK (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online