CI1 0.00% 11.0¢ credit intelligence ltd

Time To BUY!!, page-13

  1. 12,667 Posts.
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    Patty, Clee is acting on behalf of their clients. Assuming they all had no shares in CI1 then there should be a dumping to be expected if:

    - they are ordinary sophies, just interested in a quick overall 5-10% return
    - their shares have been issued and are available to trade - which should have been announced today, maybe tomorrow

    But if they had already shares and sold them knowing about the upcoming CR then it is unlikely they will sell as they most likely just replace the old with the newly issued ones pocketing huge savings.

    I don't think Clee paid for the shares themselves, broker most likely use their clients for taking a risk and feed on the horrendous fees from CI1 and clients.

    Today did not look like a massive off-loading according to the volume but the down move from 4.7c - 4c had it written all over it.

    Let's see what happens over the next 2 days. LT this will go up if CI1 continues to stay profitable.

    GLTA
 
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