CKA 1.15% 8.8¢ cokal limited

CKA vs Others, page-264

  1. 11,996 Posts.
    lightbulb Created with Sketch. 1457
    Sorry Chuss, that is not correct. The absolute best outcome for Magna is for the stock to go through the roof.
    Their model is to sell the 15% of total turnover each day.
    To my knowledge, they have never purchased any shares.
    It is a confusing model as it puts constant downward pressure on the share price.
    If price is rising strongly, 85% trades will be rising buy trades. However 15% will be like a handbrake as sells.
    Their first conversion was 5.2 cents second third and forth were more like 4.0 to 4.2.
    So at current price, every sale is a loss!!
    Why do they do it?
    AVQ they converted at 11 cents an then 17 cents. I suspect they are no longer on that register and price is down to 11 cents after rising to about 22 cents.
 
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Last
8.8¢
Change
0.001(1.15%)
Mkt cap ! $94.94M
Open High Low Value Volume
8.6¢ 8.8¢ 8.0¢ $97.39K 1.150M

Buyers (Bids)

No. Vol. Price($)
1 2789 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 19050 2
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Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
CKA (ASX) Chart
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