Because if they are selling to unidentified 'related parties' they still have the shares, and merely wracked up a relatively minor paper loss in $ terms. Why bother when the name of the game is accumulating from those who can't wait or otherwise must sell at a lower price which will eventually cause that loss to be returned. It's all about building a %age in a company by wounding the cap value until you own it at a time that it bursts into a mega moonshot.
They only hurt the ones they want the most. All others get the p&d.
If they are accumulating to order then the client will have plenty of shares to cover, and more than likely provided the short facility in the first place to their 'agents'.
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Last
$2.98 |
Change
0.060(2.05%) |
Mkt cap ! $562.0M |
Open | High | Low | Value | Volume |
$2.95 | $3.02 | $2.93 | $1.611M | 543.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 8172 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.99 | 11615 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8172 | 2.970 |
1 | 10000 | 2.960 |
3 | 26118 | 2.950 |
3 | 15652 | 2.940 |
2 | 20000 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 11615 | 2 |
3.000 | 10119 | 2 |
3.010 | 4377 | 1 |
3.020 | 2500 | 1 |
3.030 | 9714 | 2 |
Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$2.99 |
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Change
0.060 ( 2.05 %) |
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Open | High | Low | Volume | ||
$2.98 | $3.02 | $2.93 | 82576 | ||
Last updated 15.59pm 25/04/2024 ? |
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