Care to elaborate?
Its obvious an entity wants to by a large stake and an ex insider with 50+ million in script has now been freed up to trade as he pleases.
The top 20 shareholders own 73.6% of the 558 million on offer.
Outside of the top 20 only 149 million shares are held by “others”and I own more than a few million of these.
All up 1123 separate shareholders (albeit many with multiple holdings)
455 owning between 10 001 to 100 000 shares and
247 owning 100 001+ shares
This is so tightly held that any one wanting a good sized parcel would have very little success but this latest announcement opens a door for such a trade.
The 4 week average volume traded is a measly 58518 shares, low liquidity.
Hence in the announcement it states
“ The board of the company has reassessed the restriction and believes that releasing Mr Armstrong from this obligation could enhance the liquidity of trading in the share of the company “
Some one wants in and this could and probably afford someone’s exit but only partially as I believe the potential upside is massive and even an ex insider will know this, after all it was his baby originally.
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6.0¢ |
Change
0.002(3.45%) |
Mkt cap ! $33.47M |
Open | High | Low | Value | Volume |
5.9¢ | 6.0¢ | 5.9¢ | $6.772K | 113.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 105057 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 379992 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 105057 | 0.056 |
1 | 999999 | 0.055 |
1 | 18867 | 0.053 |
1 | 9803 | 0.051 |
3 | 37865 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 386363 | 1 |
0.062 | 99343 | 1 |
0.065 | 125162 | 1 |
0.070 | 185176 | 2 |
0.075 | 28901 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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