Short answer - NOPE - the mere fact that they waited for the FY20 results to be published and sold into the spike is dodge, mate. Yes you need liquidity but these were massive dumps that destroyed the share price and any positive sentiment surrounding the stock. Do you honestly think that Lurcerne do not have insider knowledge when the director is a director of CXZ? Please - Do you think Nania or any other people in the business have no idea about what is happening in the business - they only learn about it when we do? Please.. Do you honestly think the company doesnt know more than the market knows regarding Guy's departure?? If anyone thinks inside know sort of stuff doesn't occur just because it is illegal - you haven't been around markets long enough. I am not saying that Lucerne dumped on the basis of the future outlook - they held on knowing there was a trump card to sell into (the sell bids were probably well stacked by Lucerne well before the news was released) - did the market know when and what was going to drop in the announcement? nope - did lucerne? more than likely.
I respect your posting and your analysis but please don't defend the sh1tty actions of the people involved with this business. They are the exact reason probably 75% of the registry are underwater right now.
News is required as the average punter will take a cursory glance and see four big fat dumps from a director and largest shareholder - they wont look further than that - they wont look at PPL they wont look at Lucerne - they will write off the business and move on.. So again yes, news required or expect further short term capitulation - Sentiment being the biggest driver in stock markets -
what do you feel the sentiment is currently?
CXZ Price at posting:
1.7¢ Sentiment: None Disclosure: Held
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