Muppet....
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5) A few holders not wanting to be locked in for a week or so during the consolidation trading halt. Could be a bit weak tomorrow also, providing a buying op if you're into buying before consolidations.
I'm holding and would normally be out during a consolidation but in this case happy to stay in pending any possible upside announcements prior to post consolidation trading.
A week is a long time in this space.
6) the lower the share price the lower the placement could price and still look respectable, only 56k nzd turnover, not much if you believe this puppy will be higher later and you want to get more for your 100k ..... key here is they have to get out and they can only do this if they can get the price and liquidity up. the entire 25mil shares traded this month is only 500k nzd, total market cap is 26mil less after dilution, doesn't look like the pump (before the dump) has happened yet to me.
That said there have been some reasonable sized blocks selling/buying this last month, perhaps 5 insiders managed to get 100k out each... I don't see it, who was doing ALL the buying down at 1.2c there was a lot of buying down there.
7. I went to ask Wallace D for some disclosure on his "Just ask Wallace" thread (what f'ing arrogance....) only to find it's all over. On that basis, reason #7 will be the blue-eyed brigade have realised it was all a pump, and are selling out.
listen to the advice of uncle Vince......#1089
Maybe the big boys who are not intimately involved with the company would rather see a listing price on the ASX closer to .30 cent than 50 cent. The listing price has to be attractive to the Aussie market. This is not buy sell or hold advice. After all, nobody really knows what the shareprice will do. It could go up down or sideways :)
Just a note, - Baa Baa has done nothing wrong just to clear the air on that!
Vince
To think, today could be the last day to get in before the CONSOLIDATION ROCKET SHIP blasts off!! :D:D:D:D:D:D
haha some Muppet is front running the Muppets' order
nah I think its just that brokers like ASB now allow Muppets to enter digital orders on the NZX Alternative Market.....