Right, so you WERE asking why I'm not manipulating the stock. First and foremost, it's illegal. A lot of you guys in here seem to think that manipulation happens every day, right in front of your eyes, and somehow the ASX turns a blind eye or something. Ever thought that perhaps the ASX has a better view of the market than you?
Secondly - what a totally freakin' insane thing to do - Phase 1: Collect underpants. Phase 2: Go and sell a truckload of stock under the cash-backed value of the stock, just in the vain hope that other people do something similarly stupid. Phase 3: Profit.
I dare say the company already has documents drawn up to do an on-market buyback if the stock falls to, say, 10c. They'd be silly not to.
Apart from MGX which has been mentioned above, the other stock trading under cash is KAR. If anyone knows of any others, I'd love to hear them ...
Right, so you WERE asking why I'm not manipulating the stock....
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $381.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 33.0¢ | $168.5K | 508.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 102285 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 47132 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GRR (ASX) Chart |