CXN 0.00% 0.9¢ connxion limited

Thanks HotfireSo a strategy of the capper could be to churn a...

  1. 114 Posts.
    lightbulb Created with Sketch. 1
    Thanks Hotfire

    So a strategy of the capper could be to churn a lot of shares around 2.6c level so that (for example), if CXN releases a good quarterly report and the SP spikes, there is a lot of volume at the 2.6c level so that the VWAP for Jan is still quite low - ie any placement will still be at a reduced price

    I'm guessing but it really is strange that there is so much being traded but bugger all in the market depth. Fingers crossed that we're about to see a re-rating
 
watchlist Created with Sketch. Add CXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.