Agreed
Unlisted securities
AXMAQ - APEX MINERALS NL
ORDINARY PARTLY PAID TO 0.1C, 19.9C UNPD
Issued Shares: 19,125,000
http://www.afrsmartinvestor.com.au/tools/tables/Unlisted.pdf
Having 19.5mill shares there is a possibility of price manipulation
synthetic short sale
‘ The purchase of a put and the simultaneous sale of a call on the same security. This combination produces the same results as a short sale of the underlying stock; that is, unlimited potential gains for a downward price movement of the stock and unlimited potential losses for an upward movement of the stock.’
That's what we saw today at market close: Sell side 250,000 shares at 22.5c and buy side 249999 at 23c
The price went down because of 1 share (it seems one broker sold shares and bought them back to keep the price down) DYOR
Nj
production on target now, page-38
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