I suspect that JC had time pressure to sell the shares; the deal was struck at around $3.30 at a time when the shares were above $3.70 and rising after the completion of the SPP. JC continues to hold heaps of shares so I suspect he was happy with what he saw at the time as a small sacrifice to address a short term issue.
Obviously, leading up to JC's transaction and after the deal went through there was a reversal in sentiment, be that from JC selling, a global downturn, BG selling and confirming that he's got a huge number of shares that he's still willing to get rid of anywhere above $3. (@tigers2008 an excellent point that @OTG data show that "the RAC longs can get an unlimited supply of shares at pretty much $3".
It feels that without overwhelming news the BOTs and sophs can manage this until we get through another 50 million shares traded (12% of 50M = 6M BG shares)?
I'll stick with the conviction that there's enough information in the market to justify a much higher share price already (cancer FTO, Cardio-Protection with anti-Cancer enhancement, Type-2 Diabetes)
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I suspect that JC had time pressure to sell the shares; the deal...
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $288.0M |
Open | High | Low | Value | Volume |
$1.66 | $1.69 | $1.57 | $387.6K | 237.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 807 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.69 | 2376 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 807 | 1.630 |
1 | 4000 | 1.600 |
2 | 2300 | 1.580 |
1 | 636 | 1.570 |
1 | 6000 | 1.560 |
Price($) | Vol. | No. |
---|---|---|
1.690 | 2376 | 1 |
1.730 | 11500 | 1 |
1.735 | 3313 | 1 |
1.750 | 2000 | 1 |
1.790 | 1000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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