I sold out of SEG a few months ago so don't follow it daily but I think this pump was to allow some new holders to get out with a decent profit for helping the management with an express 500K CR
On 22nd June, it was announced that :
completed a private placement to Australian institutional and sophisticated investors to raise a total of $500,000 by the issue of166,666667ordinary shares at 0.3¢
wouldn't the private/soph holders be very happy to get out of most of their holding at say an average of 4.5c today? I would be happy too with a 50% profit in a few weeks...
unfortunately, this is how the spec end of the market works...
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Mkt cap ! $31.61M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
147 | 274301400 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 118241336 | 24 |
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No. | Vol. | Price($) |
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147 | 274301400 | 0.002 |
63 | 265026853 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 118241336 | 24 |
0.004 | 84048306 | 26 |
0.005 | 30036978 | 19 |
0.006 | 42124036 | 26 |
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