For Dex and Edd and others.
Dex, I sincerely hope you don't think you're out of a job. The technical side of things has me stumped so enjoy reading your knowledge and interpretations.
Edd, apologies some of it was clear in my mind but not so clear when read back to myself! You've nearly got it in your first scenario. But also remember that the dumper could also have stacked the sell side so that he actually sells to himself. The apparent "run-for-your-life" scenario then encourages others to dump (fear is a powerful motivator) and the dumper then has "buys" stacked below his dump to pick up the bits. It would work similarly on the way up too.
c) was meant to explain the need to see real turnover in shares approaching a big announcement etc. ASIC gets it knickers in a knot if it sees abnormal volume AND/OR price movements. So keeping volume high keeps ASIC off your back for one of the reasons they sends letters!
On the selling scenarios. I wasn't trying to suggest that CXY might have a boardroom coup going on . . . far from it. The example was to illustrate what I have seen before with small companies. "Forcing" a shareholder to sell is indeed difficult. But it happens. Quite what the "pressure" is that is used to encourage selling will depend on the person and the relationship. But pressures within small company boards lead to all kinds of odd behaviour.
When CXY was PCE, this kind of thing happened almost monthly . . . OK so that might be an exageration but it certainly happened often as the various boards came and went.
In CXY's case there is a large shareholder who has interests in many other companies (some listed some not) who has already sold down his holding during a spike up. That shareholder's changes are on the public record. My understanding is he is not as popular with CXY management as he once was. Any more would be pure speculation.
AS I say a couple of times already. Current controlling factors are annoying at best . . but operationally and on the ground things couldn't be going better . . . lets hope it keeps up eh?
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