For the last couple of days its it's mainly bots trading doing low volume transactions. Looks like someone big doing it or a broker with instruction from big player doing it to keep a lid on SP for now. Which is ok and dont bother me.
Makn issue is that nobody at this moment is prepared to buy at higher prices on market Given the CR just just happened and given that some of the small holders have put on sale their newly allocated shares through rights issue. Which is ok as well since some of holders may have avg buy price below 3 cents or so.
From the sell side, looks like below 10c sell orders will dry up soon. Eventually price will go up. When? Don't know.
I am happy to wait. IMHO ONLY. DYOR.
Cheers.
Akamal
FMS Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
