If the price of a share is 6c bid and 8c offer, my broker will not allow me to buy at 8c, but rather ask me to "price discover" by putting in a bid at say 6.5c. This is to avoid someone manipulating the price of an illiquid share.
Today, while the NSP price was 6c/8c, a trade for 13,000 shares, worth $1,040 was made at 8c, thus making NSP up 14%. I am happy that the price is up.
Let's hope these trades go toward the calculation of "conversion to shares is based on the 5 day VWAP of NSP’s trading days immediately prior to the loan date."
Now I am not saying this is "price manipulation", nor am I saying that it is "creating a false market", but I can understand how some might see it as that.
If the price of a share is 6c bid and 8c offer, my broker will...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.926M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9869614 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5231352 | 3 |
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| Last trade - 07.10am 19/09/2025 (20 minute delay) ? |
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