IMM 6.45% 29.0¢ immutep limited

Hi raymaur. I have been trying to understand why this apparent...

  1. 193 Posts.
    Hi raymaur. I have been trying to understand why this apparent manipulation is going on, and have come to one possible reason. I am hoping that someone with far more knowledge than me about NASDAQ listings can comment.

    Basically, I remember seeing/reading before the PBMD listing that as part of the listing qualification, and to maintain a listing the "Home" shares (ie ASX PRR) must maintain a daily trade volume, or a monthly average trade volume. Given that I believe that PRR is currently in a holding pattern until October, and most shareholders are in a wait and see mode, is it posible that these 0.1 cent bids etc are designed to spook shareholders into a sell-buy-sell-buy mentality to ensure we maintain the qualification criteria.

    I know this sounds a little farfetched, but perhaps somebody can comment on whether mainting these volumes is a requirement. It might explain the current bids and sells.

    GLTA
 
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Last
29.0¢
Change
-0.020(6.45%)
Mkt cap ! $421.2M
Open High Low Value Volume
31.5¢ 31.5¢ 28.0¢ $2.100M 7.109M

Buyers (Bids)

No. Vol. Price($)
14 233293 28.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.0¢ 36945 2
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Last trade - 16.10pm 02/07/2024 (20 minute delay) ?
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