RE: US Share Price down 73%6 Jan 2022 13:08
The US (NNOCF) share price is at a ridiculously low value because someone sold shares at MARKET PRICE. Because individual investors in the US are not allowed to trade foreign shares, they can only trade such shares on the OTC exchanges. US and European exchanges protect traders from unreasonable Market Maker profiteering, whereas the OTC exchanges do not. In this instance, some unsuspecting trader sold ~750 shares at MARKET and was penalized with the worst price possible, $0.11. On a regulated exchange, they could expect to receive at halfway between bid and offer.
I have repeatedly advised OTC traders to always specify LIMIT prices when buying or selling. When specifying MARKET, you never know what you are going to get. I can promise you that it won't be a box of chocolates.
While I enjoy seeing the Nanoco US price higher, it does not bother me to see it so low, since the London Stock Exchange determines the real price. I know that Market Makers will usually accept a large trade at any price that guarantees them a profit.