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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Hi raymaur. I have been trying to understand why this apparent...
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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($) | Vol. | No. |
---|---|---|
29.0¢ | 36945 | 2 |
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No. | Vol. | Price($) |
---|---|---|
14 | 233293 | 0.285 |
34 | 699501 | 0.280 |
6 | 389205 | 0.275 |
15 | 360353 | 0.270 |
4 | 107774 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 36945 | 2 |
0.295 | 51433 | 2 |
0.300 | 192559 | 2 |
0.305 | 181326 | 5 |
0.310 | 445897 | 8 |
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