Have a look at Federation (FDR was its shorthand) and its relationship with Vantech and its relationship with Pinnacle. A very sorry story indeed.
Put another way, you fix the price artificaially low forcing hands to sell, giving a sorry story, immorally forcing the "market" to believe that nothing is going on . . . . and then . .whammo . . you get your fill . .and up doubles the shar price or more.
A typical Lenigas move. Can't get his way by persuasion so forces corporate outcomes. Lenigas wants the whole of LOM and won't pay up fir it, so is using stealth to steal it at a snip.
What other companies have reacted so poorly to such a fantastic potential value as LOM?
takeover, page-9
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 (20min delay)
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Last
9.0¢ |
Change
0.002(2.27%) |
Mkt cap ! $26.11M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 9.0¢ | 8.6¢ | $10.50K | 120.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148398 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 79999 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
8.9¢ |
Change
0.002 ( 2.30 %) |
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| Open | High | Low | Volume | ||
| 8.7¢ | 8.9¢ | 8.7¢ | 59101 | ||
| Last updated 15.58pm 27/05/2024 ? | |||||
| LOM (ASX) Chart |