Yesterday someone sold 750,000 shares at .006c. That 750,000 is after the 50:1 consolidation, so presumably the person had 37.5m before the consolidation. With 37.5m shares you would know there was a consolidation, with 750,000 shares you might not.
I think they misunderstood that there had been a consolidation and seeing the price of .006c was much better than last week's .001c decided they would bail out.
But here's the sting, if the 750,000 is their pre-consolidation number, then they only had 15,000 (750,000 divided by 50) to sell.
But the real bad news is that the price jumped up to nearly 5c each. This person probably doesn't know it yet but they have to find 735,000 post-consolidated shares and at say 4c each that will cost them $29,400.
There may be a very embarrassed person and broke!
HAZ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
