@Artvandelay01 seems like I can't PM you on this forum but wanted to get your comment specifically.
Firstly, sorry for being an arse.
Secondly, I was thinking about the volume and I think I didn't even realise the full implications when I started this thread.
Volume prior to 14th Aug was 500k. Volume increased to 10m due to a string of announcements ( non-material ) and trading halt ( to create demand )
Then volume increases to over 150m for 2 days.
I'm guessing that EverBlu and the investors they engaged knew the game plan. They needed to create an environment to sell into. Those investors knew they were getting into a company on the verge of collapse, there was not enough volume to sell their 150m shares unless there was interest.
Aug 11th - update 18th - halt 24th - 2.5m placement 27th - BNPL, Afterpay buzzwords 28th - plant based meats 28th, 31st - profit...
These were designed to create enough liquidity for those guys to get out. That was the game plan.
The company is irrelevant.
If you are in agreement with me, this is more than just dodgy. Isn't it?
ROO Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
