Interesting morning!
800,000 odd shares changing hands at 35c. Are the buyers the smart ones or are the sellers glad to be shot of the smouldering wreckage of RFE?
Was this an orchestrated XT of shares at a prearranged price. Is so by who and why?
Always had a thought that RFE could plumb the depths again after the converting notes related to the capital raising were offered at 35c. I for one get p***ed off when "sophisticated investors" are offered shares or options at a bargain.
I wonder if someone with more clout than me was feeling the same and has pressured someone into letting them scoop up lots of shares at hopefully attractive prices. Time will tell if indeed it was a good price.
On a technical note it seems like a nice hammer will form if the sp doesn't drift lower by days end.
Anyone else with thoughts of sinister manouverings afoot?
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