I keep track of ASIC figures, I agree there was a small drop but figures for the last 4 ASIC days are increasing again see below. It concerns me in either the first scenario that Clinuvel are allowing shorts to exit without using the buyback to compete for shares, or in the second scenario which is that the shorter is allowed to keep introducing fake liquidity and use other manipulations to control the price without any attempt at using the buyback to make this harder for them.
15/05 5.63% 16/05 5.64% 17/05 5.66% 20/05 5.67%
Just nice steady manipulation with a drip feed of fake liquidity into very light trade which the three investor relations experts on three continents seem to be struggling to change for now. I think an aggressive buyback will be backing words with actions and will encourage investors like myself to get on board with much more share buying - especially if it was backed up by Director/Management buying.
All IMO DYOR
CUV Price at posting:
$15.55 Sentiment: Buy Disclosure: Held
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