Woll, TBH I don't know.
My best guess is that the 111m share transaction was the tail end of a sell down... as in holder "X" sold on market to a predetermined point in time (3.30pm on the day the CR shares were issued) and then had a handshake agreement with holder "Y" to offload the balance in a block trade on pre agreed terms (% discount to VWAP over an agreed period of time).
But I emphasize it's a guess.
(I do have one other theory that involves the CR, but I'm not going to give that one oxygen on here because I am praying that it's not right)
Volume, page-37
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Mkt cap ! $25.99M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $170.7K | 24.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 16716739 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 17650024 | 37 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.6¢ | 1048499 | ||
| Last updated 15.54pm 24/05/2024 ? | |||||
| POS (ASX) Chart |