Fascinating to hear direct from the horse mouth that MW has been 'very busy' with the new Gold50 listing G50 for months now, and crucially that a few short months after the board and he specifically requested a HUGE allocation of in-the-money options at WAY below current market prices: he was "excited to meet with Bernard early this year [2021] to understand the opportunity and be involved" !
See Gold 50 (ASX: G50) - ASX Listing Webinar - YouTube
Now look a the chart at the timing of that massive pump and dump, clearing hundreds of millions of shares from the recent placement where shareholders were kept in the dark as to where those shares were placed.
Only after those shares were cleared did the company again release a top20!
Not a good look.
And see the timing of the pump and dump in the chart below.
The situation looking pretty awful for shareholders and I wonder whether anyone will make any reproach to management.
The journey so far for RNX, page-2
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 (20min delay)
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $14.05M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $184.6K | 13.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2871458 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1500000 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.3¢ | 3717047 | ||
| Last updated 14.34pm 03/05/2024 ? | |||||
| RNX (ASX) Chart |