Volume increase of last couple days can come mainly from 2 sources.
1."Wash Trading" the stock, that is the same person buys and sells the stock to themselves - probably to try keep stock at this level. Reason unknown.
2. Employee share incentive sell down - Some people would rather just have cash. They may not have patience or even the ability to wait for an appreciation -imminent car, holiday, mortage repayments. If you really think about it - most people "gamble" on the stock market with spare change, not money they need to live off.
1.7 Million Share incentive injected BUT 35 Million wiped off registry.... So who cares if they sell, still better off overall... In fact I expected a lot more to be put back on registry.
Currently on Issue (prior to incentive)= 176,414,694
Options = 12,166,227 @ 28c - June next year (from memory).. Someone confirm pls.
Class A & Class B Performance Rights total = 24,950,130 ... WILL NOT VEST - WIPED OFF
Tech IQ Limited Shares = 8,276,465 CANCELLED - WIPED OFF
Tech IQ Limited Performance Share = 3,742,520 CANCELLED - WIPED OFF
Cant remember if Tech IQ performance shares part of Class A or B or different... but you get the picture.
Maybe they are saving them for a soon to be Cap Raising.. If so I'm outta here.
Investo.
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