Something is going on, whether it's good for us as shareholders remains to be seen!
5 million odd shares sold at 18 cents, who too and why would they spend that much and not support the price / protect their investment? UNLESS THEY ARE AFTER MORE! Why hasn't Dom or the Directors been proactive in maintaining comm's with existing shareholder? We now have a 6 monthly business update which doesn't help us as shareholders but those behind the scenes in the know. This company will be debt free soon and I am of the beleif they know who is doing this to the SP if not themselves. It wouldn't be the first time an owner tried to buy back cheap (privatise) as the stock becomes profitable, I was caught years ago with Brazin! I hope this isn't the case! Anyway the move on Brazin failed.
For this reason I am cautiously suspicious and overly sceptic of Dom & management.
Today there were a lot of Bots and yesterday 18,664 was a very popular number in the stock throughout the day.
CM8 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
