posting this on trf and ife but it's pertinent to all companies.
from 40's experience :
do not trust any companies that have bot trading. it's not necessary for a sound business.
but ...
some companies have been known to manipulate the price of their shares and options, especially if a cap raising may be imminent. in order to get the best rights or such price away, the average price over a previous set period of days is very important to them. in this case, a buy bot is neccessary to them.
no one wants to dilute much if they can best avoid it. the higher the share price then the higher the rights price which can be attained.
experience too is that to sell on imminent news of a rights issue and buy back in later. it does not mean that this is always the best idea but it's more than favourable from my experience.
as an eg, if ife wants a rights and trf does not want to partake then a bot buying of ife or price supporting of ife is very favourable. trf can then sell in mkt it's ife rights and dilute it's holding whilst geting the top price at the time for itself and ife's coffers. i am only giving an eg here. it does happen, so be aware of any occasion this might happen and with any company, especially with mining minnows on the brink.
40.
TRF Price at posting:
30.0¢ Sentiment: ST Buy Disclosure: Held
