MEM 0.00% 0.5¢ memphasys limited.

Blatant Market Manipulation?

  1. 413 Posts.
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    Now I ask you...... is there any valid reason why an individual or entity would purchase $2.00 (that's correct one small gold coin) worth of NuSep Holdings Shares? In fact the trade that has prompted this must be rounded up because the purchase of 30 shares at 5.2 cents comes to $1.56!
    This miniscule trade has reduced the paper value of my holding by tens of thousands of dollars (good thing I don't need to talk to the bank manager anytime soon), so I can only guess at the level of paper loss inflicted on the top shareholders by this two dollar trade, which has reduced market value of the stock by about a quarter!
    Haven't heard from FactorX or Kosenar here lately, but I'm also pretty sure they would also characterise this activity as shenanigans.
    I'm hoping for some more good news out of Singapore before too long and I'm also eagerly awaiting the annual report. Maybe the shenanigans means we're getting closer to a meaningful real return.
    BTW how does the broker concerned allow this to happen. Whenever I've wanted to buy a parcel of stock and there is a spread back to the bids, I've had to increase the offer incrementally in small movements so as not to dramatically impact on the SP?
    Good luck to all.
    Kind regards,
 
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Last
0.5¢
Change
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Mkt cap ! $13.00M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $25.15K 5.030M

Buyers (Bids)

No. Vol. Price($)
15 18776263 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 10551662 4
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Last trade - 10.32am 08/11/2024 (20 minute delay) ?
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