This is my understanding of what is probably happening.
The CX trades (Centrepoint) are offered by brokers, however, very few brokers offer CX trades for shares trading under 1 cent. It may even be 1 broker that offers this type of trade for EGO. I have not found one as yet and ive made a few calls. If anyone finds a broker, let me know.
So what is happening, people are trading shares on this "dark" trading platform, where they are being matched at the centrepoint (0.45c). They can only be matched with other people who are trading with this broker using the centrepoint matching service.
What it indicates to me is that there is an appetite for trading this share but not with the massive spread that we are all subject to (0.4-0.5). So if my theory is correct, post consolidation we should EGO trade at 45c-50c range and higher volumes.
EGO Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
