Quite agree. I reckon the "seller" of 500k @ $1 has probably been buying up more in the 90s and, when they've met their quota, will pull the sell order.
As for Mr Lauder's placement @ 85c, I don't really see many holders having a problem with that considering the sweetness of the deal for EMC. Speaking for myself, I certainly wouldn't begrudge him that even if they went to $2+ before the merger. It would be a bit dodgy if anyone associated with the merger was manipulating the market to keep the price down. They'd run the risk of prosecution not to mention jeopardizing the deal.
EMC Chart, page-1893
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $104.8M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $27.32K | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14999 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.15pm 02/08/2024 (20 minute delay) ? |
| FLC (ASX) Chart |