Post by
wawahunt2 on Jan 08, 2021 8:13am
Crazy morning
Banks ( TD) has last price at .33 but the bid at .13, Hope it's sorted by the Open...
Comment by
EnglishBay on Jan 08, 2021 10:15am
Not a good day for anyone to trade this stock until reorg is completed. Looks like light volume with low liquidity right now. I suspect there's a few foolish traders selling their shares by mistake thinking the stock boomed to $0.33. With the ask now at 0.29, someone's actually selling at 0.095...
Comment by
EnglishBay on Jan 08, 2021 10:33am
Anyone selling below $0.30 is just pure capitulation (or stupidity). The minimum requirement to list on the ASX is $0.30...KCC will no doubt ensure the price is propped up there at a minimum prior to listing application.
Comment by
martin95833 on Jan 08, 2021 10:59am
Not much chance of that with me. My broker suspends all shares until the consolidation is complete which can take up to 10 working days. Who has access to sell their shares now?
Comment by
Chipshot2 on Jan 08, 2021 12:10pm
It is my understanding that the minimum price for the ASX IPO is $.20au. Chip
Comment by
Chipshot2 on Jan 08, 2021 3:19pm
I agree EnglishBay, It is hard to understand why anyone would be selling at this stage!