nsh......Yes if someone was a 'panic buyer', and wanted to get set with 12.5 m shares {$1 m} in a hurry, then that would be the case. However, since we are currently in a bear market , then it would be more probable that a panic seller could force the SP down. Ahhhh Bargain Basement for the Accumulators!
So to fill a buy order of that size would be a process of small buys at say .079 over several days so as not to disturb the SP, and use those shares to load up the sell queue at .08 + . That should bring out more sellers {the "weak hands"} to sell at lower prices , which of course you would buy and continue to use to load the sell queue. You could continue this process for weeks, driving the SP lower and lower whilst accumulating the 12.5 million shares at a cheap price. {or you use bots to do it automatically}
TIMING is important though. Naturally , the best time to do this would be if sentiment is bad, such as just after a SPP or placement perhaps. Better still, if you were Sophisticated and participated in a placement say, then you could use this method to reduce your cost base perhaps. Once Accumulated, you could easily exit your position at good profit if the coy made a positive ann , and start the process all over again at a later date if you wished to. The same technique could also be used to exit a large holding , but everything in reverse of course.
The Above is ALL HYPOTHETICAL of course and one would need to check the legalities of manipulating a SP in this manner.
ANYWAY, I do believe that we have reached our Bottom and possibly already factored in an expected mediocre quarterly , thus any unexpected GOOD NEWS may provide plenty of upside in the SP.
The Dragon will awaken all in good time !
TMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
