Secondly, I understand the ASX:MMR opening auction can have multiple participants, however in this instance I believe it is likely to be the one individual since the second sale at $0.006/share at 10:14:18am was for a similar amount (e.g $7,937.99 at 10:04:29am and $7,698.00 at 10:14:18am). Nevertheless, I gave some plausibility to the earlier posts as referenced by the diagram's annotations.
Figure 1: Tape Reading from 02/12/2024 market depth, level 2, ASX:MMR, with annotations from Post #:76877736, Post #:76873456, Post #:76874735 and Post #:76877573. With annotations giving the disclosures their most plausible matches, according to Flambeau, to the tape.
@sinic if you can vouch for both 10:04:29am and 10:14:18am that would put a serious dent in GB's credibility.
GB then said he was waiting from 12:28pm onwards. Then at 01:26pm he said "im undecided atm wether to make a move on not, but happy to sit on my hands atm crew" (Post #:76874735). Then at 3:31pm GB declared a sale at ".5". If we take his posts literally, the only opportunity for sale in that window was at 3:16pm for $422.50...
What Flambeau thinks happened: GB probably didn't sell anything... If you look at post Post #:76877573 he panics, and declares he sold at $0.005 probably because he noticed the share price just dropped to $0.004, which happened just 22minutes before his post. His claim about selling at $0.006 at open I believe is unlikely, considering his late declaration "12:28pm" and sinic likely being the one who sold (two similar valued sales at and close to open).
The 3:31pm post about "sold a parcel at .5 crew" (Post #:76877573) is a bit of a joke... selling below $500/trade doesn't sound like a genuine intent to sell to me.
Overall, even if GB did sell anything, according to the timing of his posts, whatever he sold was chicken feed. I don't think we are dealing with someone with significant holdings, which makes sense, because we didn't see him on the top 20 register.
MMR Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
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