It's called an inference. I'm not sure how you see this...

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userlame411

38 Posts.

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09/05/24

19:55

Post #: 73750527
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Originally posted by next2us: ↑

Your still missing the point. Investors didnt promise MGT management anything. They told Ord Minnet. Ord Minnet then made then advised MGT mangagement. It doesn't say specific investors are looking at MGT and they want less shares on issue.
"Many institutions we talk to are unable to invest in a company with so many shares outstanding and such a low volatile share price as a consequence" .....where does this indicate that these companies are specifically looking at MGT. MgT may have gone out to 50 companies asking for funding and they all may have said sorry too many SOI. Doesn't mean by reducing SOI we will get 50 companies investing. People ask my company about pricing all the time. Doesn't guarantee they are buying something from me.

The announcement says Companies (non specific) prefer less shares on issue (again not specific to MGT) like Boogie said you're making up stuff up your head on how it went down. Read the announcements carefully. Call MGT they will tell you all about the Ord Minnet recommendation and their 'expert' advice. At no time were there specific investors looking at MGT and all they wanted was less SOI. People need to stop trying to make up their own storyline. Read the specific words on paper.

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It's called an inference. I'm not sure how you see this differently.

MGT Price at posting: 35.5¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 9.0¢		Change -0.004(4.26%)		Mkt cap ! $10.89M

Open	High	Low	Value	Volume
9.5¢	9.5¢	9.0¢	$11.06K	120.8K

Buyers (Bids)

No.	Vol.	Price($)
5	240861	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.1¢	1796	1

View Market Depth

No.	Vol.	Price($)
5	240861	0.090
1	20000	0.089
1	28410	0.088
1	10000	0.087
2	47500	0.086

Price($)	Vol.	No.
0.091	1796	1
0.092	9980	1
0.095	317281	4
0.100	295311	3
0.105	50000	1

Last trade - 15.32pm 19/06/2025 (20 minute delay)

MGT (ASX) Chart

It's called an inference. I'm not sure how you see this...

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It's called an inference. I'm not sure how you see this...

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