FX
Please outline your thought process a bit more....Why would any purchase at 7 cents by a director or family member serve to create a "false market"?
I may be missing something as there are lots of charts on Hotcopper that show directors buying and selling with little red and green arrows to assit us mug punters.
My understanding is that is that there is only a prohibition if the transacting directors have knowledge that is not available to the market as a whole e.g. if they bought up big after the successful commissioning of plant which was not known outside the boardroom.
I seem to recall that Jukes and perhaps others have noted that the real problem is that our company is so thinly traded because it is on so few radar screens. This seems logical to me.
If the board shennanigans we have all been concerned with were seen as sufficient cause for most investors to bail on the IP, then I suppose there would be many millions of shares up for grabs and the SP would be back around the Feb 2012 levels. As this is not the case and the stock is so thinly traded, I conclude that most speculators are, like me, waiting with a piece of cheese on our tongue to see what develops in Singapore and with SpermSep.
Kind regards,
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $25.15K | 5.030M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 18776263 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 10551662 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60206 | 0.024 |
1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 153799 | 6 |
0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
0.046 | 100000 | 1 |
0.047 | 1160000 | 3 |
Last trade - 10.32am 08/11/2024 (20 minute delay) ? |
MEM (ASX) Chart |