If an orderly and just sell-off is occuring someone please explain this one.
Redfork (RFE) traded high 40's and into the 50's for weeks prior to 27 March. Closes 27 March at 48c and trades after this date in the 40's.
Company requests trading halt, 12.8m shares placed a few days later at 30c for $3.8m.
Shares relist and close that day of crossing at 45c. So an instant 50% profit or $2m for the priviliged. Opes clients done over again. The stock was a big line and understandably had to be placed, but at an instant 50% pick up.
RFE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
