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
CXN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held