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Ann: Volt to Launch Capital Raising, page-218

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07/09/17

18:42

Post #: 27070857
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Originally posted by wayne25 ↑

Hi Hulahoop,

There is definitely some type of bot action going on at end of the last few trading days with VRC at the moment ... The way the bids are just covering the offer qtys by a handful of shares in order to get the price a pip higher is a giveaway ... Whether you would call this manipulation is probably debatable, as this type of bot action is now rife across virtually the whole ASX.

But you are correct in saying that it can't be manipulation of the SPP VWAP, since you rightly point out that the calculation for the purchase price is done on the average of the last 5 trading days before the shares issue date ... A much smarter and experienced person than me advised that it will probably take until around the end of October before this is all finalised, so there's a lot of water to flow under the bridge before then.

Will be fascinating to observe the price action in the interim ... In order to raise interest in the SPP and to encourage optimum options conversion, you would have to think that management will attempt to provide something very soon that will be viewed as a strong positive for investment ... If neither the SPP or the options produce the desired results, I find it hard to see what cards the company will have left to play to stay in the game ... So if they are holding any aces, they'll have to put them on the table.

Wayne

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It's interesting the amount of time that you think that it'll take to finalise the SPP.

I was thinking that it would be a lot quicker than that, say a couple of weeks, or maybe a max. of three weeks.

I stand corrected!!

VRC Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $12.47M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$31	10.27K

Buyers (Bids)

No.	Vol.	Price($)
47	34064686	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	6837590	9

View Market Depth

No.	Vol.	Price($)
47	34064686	0.003
13	18325371	0.002
6	16650001	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	6837590	9
0.005	20417040	24
0.006	6693309	10
0.007	5360001	3
0.008	1790644	5

Last trade - 12.37pm 15/11/2024 (20 minute delay)

VRC (ASX) Chart

Ann: Volt to Launch Capital Raising, page-218

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Ann: Volt to Launch Capital Raising, page-218

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