Hey guys, just had a quick look at this stock and something unusual caught my attention, maybe someone can come up with a reasonable answer.
The substantial shareholder notice states that Mr and Mrs Peterson bought over a million shares on market at about 6.5 cents.
Here's the direct link below, so have a look and do you own numbers. Simple division between the amount paid 'on market' and the amount bought. What also makes it unusual is that in the trade history the price never went that low, so what's going on??
And there was a renounceable rights issue shortfall listed there, and what was the price? Once again according to the calculation it was about 5 cents. These guys have bought a total of over 2 million shares for between 5 and 6.5 cents. Interesting huh?? Although the renouncable rights purchases were probably prior to listing but the recent on-market (non existent purchases at about 6.5 cents are a worry).
