I don't think there is a leak. IMHO just smashing down to lure more sellers into the market to accumulate.
They did that a while back when share price was trading between 56c to 60c. Now they are doing it at 65c to 70c.
Spoofing trading
"In Australia layering and spoofing in 2014 referred to the act of "submitting a genuine order on one side of the book and multiple orders at different prices on the other side of the book to give the impression of substantial supply/demand, with a view to sucking in other orders to hit the genuine order. After the genuine order trades, the multiple orders on the other side are rapidly withdrawn."
Source: "Market Manipulation and Related Misconduct", Inhouse Legal Solutions Pty Limited, Sydney, Australia, April 12, 2014, retrieved April 25, 2015
Sub 64c, page-11
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 8500 | 1 |
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