A great read and a perfect insight into RDN.
I was naive or disbelieving of all the chatter about manipulation etc etc endlessly posted here like conspiracy theories - until chatting yesterday with wallaby about all those 60k trades @ 32c that just relentlessly appear.
Quote from above article
"Naming them as the 'ultimate inside traders' Potts explains that robot traders can plug straight into the ASX’s computer and place a trade in just a millisecond.
"Not only can this drag share prices down, but it can also be highly misleading for everyday human investors."
And RDN have such a ridiculously large amount of shares on issue (and more to be issued) for what basically is a 'Penny Dreadful ' is a perfect example.
Fortunately my average price has not been reached just yet so I'm sitting comfortable.
Just a hell of a way to have my eyes opened to the shenanigans of the stock my risking my hard earned bickies.
Good luck to us
(20min delay)