So the wall disappeared just in time for when the price was to be set for the capital raising.
Now we can see that the investor was accumulating shares in the lead up. Surely knowing that they are getting shares for capital raising would deem them as having insider information and preclude them from buying and/or manipulating the share price immediately prior to the capital raising?
To me, it seems a little convenient that the price tanks within days of the capital raising being announced. It is evident that some traders knew more than others!
FBR Chart, page-350
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $188.1M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.7¢ | $105.3K | 2.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1706565 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 1901086 | 6 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |