"There are still millions of soph shares to be disposed of at market"
Maybe but not all will come to market, maybe only 20-30% and even that can only be a wild guess.
Of the 87mill I think it was 20% that went to directors. They won't flip.
That leaves 69mill. If 30% of those were only bought for the short term flip, that's around 20mill shares.
Over 20 mill have traded since the cr but not all of those would be sophs. Maybe all the sophs that wanted to flip have already done so, maybe not. Doesn't really matter if they have already sold most of what they wanted to sell. A few, including me, might be buying back already.
"There are still millions of soph shares to be disposed of at...
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Last
5.4¢ |
Change
-0.002(3.57%) |
Mkt cap ! $46.71M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.4¢ | $57.47K | 1.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 495652 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 50000 | 1 |
View Market Depth
| Last trade - 14.53pm 06/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.7¢ | 5.4¢ | 460453 | ||
| Last updated 14.57pm 06/05/2024 ? | |||||
| MNB (ASX) Chart |