Blackwell International (BGI)

[JSwan]

If I was BGI I would've done a capital raising near the peak, that would've really screwed over some "investors"

Conspiracy theory

Maybe BGI and NZX made an agreement to inject some supply into the market, via the NTA announcement, so that it becomes a trading stock and provide BGI with liquidity and a means of raising capital

[Traderx]

Theory - a number very close to zero of the buyers that pushed BGI up would have any idea what NTA is let alone BGI's NTA.

[youngatheart]

Theory - a number very close to zero of the buyers that pushed BGI up would have any idea what NTA is let alone BGI's NTA.

Haha. I concur.... It's stock speculation (gambling) pure and simple

[SpaceZ]

it reminds me on the "2013 Penny Stock Crash in Singapore"

https://www.cnbc.com/2013/10/24/sing...cks-crash.html

"Singapore’s central bank and stock market operator are conducting an extensive review of recent share price volatility in three inter-linked Singapore companies, which wiped out billions of dollars in combined market value from the firms."


The perpetrator is on Trial today.
https://www.businesstimes.com.sg/key...arket%20value.

[nztx]

Almost back at NTA level now at 1.5c, I think I wrote the number correctly...

Are you sure that shouldn't be reduced 10 times to 0.15 of a cent per share instead ? ;

NZX rounding records 0.2 of a cent per security

the current SP (@ 3.5 cps) still looks like hyped up fresh air material

[MarineSalvage]

thats what I thought - 15% of 1c... of course this whole debacle has shown how effective New Maths was at school

Are you sure that shouldn't be reduced 10 times to 0.15 of a cent per share instead ? ;

NZX rounding records 0.2 of a cent per security

the current SP (@ 3.5 cps) still looks like hyped up fresh air material

[Cadalac123]

sigh. Feel bad for any new investors that bought around 0.090.. good case study for why you shouldn't chase gains blindly on the stock market though

[tango]

sigh. Feel bad for any new investors that bought around 0.090.. good case study for why you shouldn't chase gains blindly on the stock market though

A lot of Sharesies investors aren't well informed and they would have to be the bulk of the buyers... The biggest trade I have seen is $1000. Sometimes buy/sell orders are split but a lot of the trades are for less than $50

[MarineSalvage]

And they are all back in anyway

[Balance]

https://www.nzherald.co.nz/business/...ectid=12350835

Multiple directors and senior management had sold shares during the latest rally, and one director sold 5,861,000 shares - more than 1 per cent of the microcap company, broking house Jarden noted.