Why does the ASX only question price increases? Why didnt they issue a query as to why the sp dropped to 40c from a high of $2.95 and more specifically why the price had dropped 70% below the placement price of $1.50?
Surely a director investing his own money into a company is a good enough reason for a price increase in itself?
Also, doesnt the ASX realise that most stocks have been completely hammered and possibly oversold in the last 6-9 months and that a bounce was imminent in a lot of stocks once the slightest bit of confidence was regained?
Good to see there was more to the response than a simple 'we dont know why the price has gone up' though.
Where was the speeding ticket for FMS today? Up 37% to 7.4c!
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