Has anyone else noticed p1$$ ant amounts of shares being sold into the bid? I'm talking more so since ann of LIFX acquisition. Very often these sells into the bid have been instantaneous to someone buying the ask/offer price.
LIFX minority shareholders, 49%, get $24.5M of shares @ 5 day VWAP.
Day of acquisition SP was 9.5¢.
$24.5M @ 0.095 is ~258M shares.
Acquisition CR SP of 8¢.
$24.5M @ 0.08 is ~306M shares.
Present SP of 6.1¢.
$24.5M @ 0.061¢ is ~402M shares.
Doesn't take much money to buy at market price only to sell at market price to gain ~100M shares does it?
Don't forget Luminous, $5M of shares @ 5 day VWAP.
Deal smells a bit. (Mates)
Pains about over, expecting a good recovery when stamped. Might be our last chance at topping up some time this week?
AIMO.
BUD Price at posting:
6.1¢ Sentiment: None Disclosure: Held
