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So at the end of the day those Instos that want in for volume...

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dante

2,089 Posts.

51

29/03/15

14:08

Post #: 15000366
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Originally posted by neg ↑

Thanks pinto,your input is appreciated!

The way I see it is the IPO issue of shares will be small say they raise 10/20 million @1.00
that would be 10/20 million shares which is nothing.

The liquidity will have to come from shares migrating over to the US.

So at the end of the day those Instos that want in for volume will have to buy or have been
buying on our market between now and the listing.

Together with that we have local instos that might want a piece of the action.

My thoughts are that all these instos know that there is huge retail holdings in AJX and will
try and squeeze as many of those retail holders out of their positions by driving the price down as they know most retail holders have only a small pain threshold.

Whether or not we are witnessing this now is unknown but games are being played!

Interesting times ahead!

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So at the end of the day those Instos that want in for volume will have to buy or have been
buying on our market between now and the listing.

Just wondering if this quote is incorrect as I see no reason why Insto's or retail investors in the US won't be able to accumulate ASX shares "after the listing" as well and when they get their fill then migrate them to the US.

AJX Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $20.46M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$2.2K	157.6K

Buyers (Bids)

No.	Vol.	Price($)
1	42000	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	906200	4

View Market Depth

No.	Vol.	Price($)
1	42000	0.012
3	4058332	0.010
5	2072715	0.009
3	1186222	0.008
2	240000	0.007

Price($)	Vol.	No.
0.015	906200	4
0.016	429958	1
0.017	321118	2
0.018	115942	2
0.019	12500	1

Last trade - 14.20pm 07/10/2024 (20 minute delay)

AJX (ASX) Chart