Yes, averaging Down. I'm not sure why this is happening. However I don't believe any large holder wanting /needing to get out would drive the price down so quickly, just madness.
If it is a volume price driver for a further placement at ridiculously cheap prices then maybe we should be emailing directors to CANCEL THE PLACEMENT.
The only reference I can find to any placement in Qtr 4 2019 is in the 2019 interim results dated 27/08/2019
2019 "the next 6 months" Section 3
"Financing BIQs Greenfield Growth"
Qtr4 FY19. Placement INTENTION to raise $1.5 M
I do also recall a question at the end of a investor call where someone asked if this placement would be subject to Price/volume price fix formula. I believe the answer was yes.
I would love the company come out and announce it's no longer required and is therefore CANCELLED
Yes, averaging Down. I'm not sure why this is happening. However...
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