T Lacantro to my knowledge is no longer involved with Argonaut.
My analysis of why the share price has taken such a beating...
- MMI initiate discussions with Argonaut to raise capital, without a trading halt.
- Argonaut has client funds (or Argonaut funds) invested in MMI.
- Seeing as Argonaut know know that they will be guaranteed millions of shares at 20c, Argonaut proceeds to sell x amount of shares prior to the CR being finalised, all while the stock is still not in a trading halt, hence blowing away previous resistance levels
- MMI then initiates a trading half after all of the CR details have been finalised and arranged.
- MMI announce the CR details within an hour after initiating a trading halt
- The stock will proceed to fall back to 20c regardless and MMI is just another company raises capital at a discount... only for the share price to fall to the CR price anyway
Ripped off shareholders, page-2
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $279.1M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $522.7K | 11.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3640922 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 2972414 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MMI (ASX) Chart |