"Regardless of all the commentary around its about mc not shares on issue the fact remains with billions of shares its much easier to be a trader at these sp levels and make decent coin then it is on a tightly held register,"
Shakinthat, sorry but the above is a slight contradiction.
Billions of shares arent an issue, traders buy $$$ of shares not quantity of shares - however a tightly held register is one (no matter how many shares on issue) where majority of shares are held amongst a minority of holders. There arent as many "loose" shares for sale
Top 20 holders only hold 27% of the registry of MPJ.
When a stock is ready to move its very easy for big players to take out the little fish, that will get the price moving regardless of how many shares are on issue!!
Cheers
MPJ Price at posting:
0.6¢ Sentiment: None Disclosure: Held
