i already explained to you the probable reason for a probable sell-off, at this link: https://hotcopper.com.au/threads/heads-up.4042801/page-54?post_id=31473448#.Wp9RtmpuZEZ
at least 22M new shares went to insiders so there is at most 60M stray shares to short-term clients of the broker CPS
also, the subscribers to the placement received one free option for every two shares therefore some of these subscribers will sell their shares and keep their free options
all of this was expected
LNU Chart, page-13
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.09M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $34 | 17.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 119923783 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 5811071 | 3 |
View Market Depth
| Last trade - 10.04am 22/05/2024 (20 minute delay) ? |
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Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.2¢ | 1250000 | ||
| Last updated 14.08pm 22/05/2024 ? | |||||
| LNU (ASX) Chart |