Far out its not rocket science. This happens all the time in the small cap space.
Broker XYZ helps company ABC with raising funds/underwriting CR's or some other issue.
Company ABC pays broker XYZ handsomely to facilitate the above.
Broker XYZ then decides to write a report because they want to maintain a strong relationship with the client.
Company ABC did not pay for the report but gets it as a benefit of doing business with the broker/institution.
Said broker/institution is not however going to stake their reputation on creating a report based on hot air so if the company they are appointed by is a dud they simply dont do a report.
chart - next move is coming shortly, page-74
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $161.1M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $346.2K | 891.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16055 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| VYS (ASX) Chart |