I don't really see how BBY will be able to pump the stock again?
To create the level of interest (and liquidity) required would require a couple of million dollars, and I can't see them taking the principal risk that may see them lose money on the trade, which could easily eliminate any fee earned from PAB for placing the shares?
Now that we've seen what they're doing, any attempt to push the price before 11 March will be viewed with plenty of skepticism and likely trigger more selling. The one factor that remains unknown is whether the company has any news to release. Given management's propensity to release price sensitive news at opportune times I would've thought if they had something up their sleeves they would've released it with the first pump to get a larger chunk of the shortfall away? That said I really wouldn't be surprised if the details of the Onyx IST are provided in late Feb to give them a chance to raise the remainder.
Bottom drawer time for me
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I don't really see how BBY will be able to pump the stock again?...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.40M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $589 | 91.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 4759154 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1636778 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 4759154 | 0.006 |
13 | 6829276 | 0.005 |
7 | 4425000 | 0.004 |
4 | 2729016 | 0.003 |
2 | 4520000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1636778 | 2 |
0.008 | 4991280 | 4 |
0.010 | 1592000 | 4 |
0.011 | 1080000 | 2 |
0.012 | 552407 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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