I agree that the buying & selling of relatively piddly amounts most likely has nothing to do with tax planning.
But equally, I don't think it is overtly aimed at misleading "the average punter" because the average punter hasn't even heard of RWD let alone it being on their radar & that tiny group of average punters who do hold RWD have demonstrated over a long period that they are rusted on.
Perhaps it is part of the longer game of anti-propaganda that ensures no external interest in RWD ie virtually no news emanating from the bunker & what is released always contains something that reinforces doubt in the project eg. sudden resignation of CEO after a couple of weeks in the job without any explanation given, continually missed deadlines, PFS that has a 5+ year timeline to production (combined with a long history of badly missed timelines), mention of JV/offtake/investor interest that results in nought, etc etc
With a cashed up 'white knight' again 'lending' funds to the company & in all likelihood the company soon to need more (because the market profile, having been completely poisoned by decades of inaction, has left no other source of funds) , when the time comes for a call on the loans & RWD unable to tap external funds, the debt can only be swapped for equity ...... & so much nicer (for the note holder) to have the swap done against the backdrop of a completely decimated share price ie 10 million shares for every $1m lent instead of 1 million shares for every $1m lent.
"the cleverest ruse of the Devil is to persuade you he does not exist!” Charles Baudelaire, 1864
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I agree that the buying & selling of relatively piddly amounts...
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.114M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 240000 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 189708 | 0.100 |
1 | 10000 | 0.080 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 24000 | 1 |
0.110 | 8500 | 2 |
0.115 | 10000 | 1 |
0.120 | 32686 | 2 |
0.130 | 96000 | 3 |
Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
RWD (ASX) Chart |
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