My best ***guess*** is still a discounted soph placement at maybe 15c. Possibly in conjunction with option underwriting?
In the last two days more shares have been dumped than can be accounted for by the 2nd largest holder. So either multiple sellers or the top holder (project vendor?) is dumping - the latter would be a legitimate sell off, but questionable if they had an intimate knowledge of the project. I am new to this company. Is the top holder the original project vendor?
The loophole that companies always exploit when it comes to price sensitive info re capital raisings (and other) is that the documentation has 'not been signed off'.
I don't know why ASIC doesn't put a stop to that excuse. Never mind prosecuting those that trade on the info.
JAL Price at posting:
16.5¢ Sentiment: ST Buy Disclosure: Held
