the other question to ask is, who is the person and/or organisation receiving the shares? should they be submitting substantial holding notice? 30 mil in one transfer, that’s more than 5% holding.
the buyer pay 3.7 cents per share, does this mean that’s the lower end valuation for the company?
looks to me like, this is a transfer of shares between family members, rather than directors dumping shares onto the public.. for had they wanted to con the general public, they would not announce dividend cancellation, then dump the shares. rather, they would have done the opposite. confirm dividend, dump the shares, then cancel dividend. they would have double their sell price.
XPD Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
