No brother, they other way around, they are buying stock here on the ASX and moving it to the OTC. He doesn't hold stock past the session so essentially every time the market opens on the US side, there is a seller with 8-15 million shares to sell everyday. It makes the stock appear weak. We've pretty much figured out his cadence so now we just sit on the bid and waif for him to unload. It's usually at the market open and at the market close on the US side. Eventually, inventory will dry out and equilibrium will be found between the two markets and we will be done with the shenanigans. Once ASX stops feeding him stock on the cheap it's game one.
DTR Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)