RDG 0.00% 2.2¢ resource development group limited

Ann: Appendix 4E - Financial Report-RDG.AX, page-104

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  1. 3,249 Posts.
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    I am not familiar enough with the market in small caps - but is this even plausible/a common strategy proven to be used? As in brick up a large sell order to scare people from buying in? Surely it would back fire and a stock in demand would see someone happily grab the liquidity? Unless buyers didn't see value at that 4c price? Otherwise I would have thought one couldn't cap so easily? WIth a larger stock I can understand with liquidity they would force others who want to sell to line up before them i.e. at a lower price, therefore potentially lowering price if they want to accumulate? Just haven't seen in practically done/explainedas to how they will com eout on top if someone touches their capping parcel on the sell side.
 
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Last
2.2¢
Change
0.000(0.00%)
Mkt cap ! $88.52M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 503210 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 34000 1
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