In further reference to the above rather enigmatic post....
this is pure speculation...
....but I could easily imagine a scenario whereby major players (maybe brokers with many nominee accounts) who wanted to take a large position in a small company with a limited amount of tightly held shares (FNT) and was forced to buy on market because the only recent cap raise was for shareholders only (not sophs because the management are actually loyal to and look after the interests of the little guys)...shock!
....and because the shares are so illiquid....any large buying would force the shares up too quickly (eg: like back in February) and presuming this mob already had significant holdings they could use those shares strategically in combination with....
" an orchestrated campaign against our share price and sentiment including sell side stacking, strategic selling and professional down ramping "
.....to take a large position in their new "favourite pony" without paying too much for that position....
Not claiming this is what has been happening but it is not beyond the realms is it?
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Mkt cap ! $10.99M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 9422000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 17986611 | 24 |
View Market Depth
No. | Vol. | Price($) |
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48 | 60873377 | 0.003 |
34 | 36067332 | 0.002 |
9 | 53790000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 17986611 | 24 |
0.006 | 15657873 | 14 |
0.007 | 9669028 | 14 |
0.008 | 7989729 | 9 |
0.009 | 2312047 | 8 |
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