RE: John Borshoff22 Jun 2026 22:39
Thingmay, it is being kept low by the MMs, the spread is that wide it discourages most opportunist buyers because as soon as they buy they lose 6%, or as seen earlier 14%. This stops the share price bouncing. It is an unwritten agreement between the MMs, who make money as people come in and go out through the big spread, which at the same time maintains a low stable share price for Institutional buyers, who are loading up with O marked trades (Ordinary trades), but at intervals so they don't attract attention. O trades happen instantaniously, but are visible, so someone wants lots of shares, in steady batches, right now, and is prepared for the risk of being noticed, so doesn't care if the buys are visible, but at the same time is trying to keep it discreet. That's a sign that they're preparing for the next step up.
Market Makers also sell shares they don't have when they need to fulfill an order, but they can top themselves back up later, hopefully when the price is lower, in effect shorting, They can use this opportunity presented by institurional buying, of stable prices and a wide spread to catch up, before they let it run. They can guess what is about to happen by the background activity of institutional buying.
Shorecapital might be mopping up the shares that the previous directors are/could be offloading, ready for redistribution when the market explodes on good news. When this point is reached the market makers close the spread so more retail buyers get involved, the broker offloads to support the continued sale, at the same time making money as the price goes up. But this requires good news because the rise has to be steady and sustainable, non of this buy a million for 7k today, sell it tomorrow for 8k. The steady rise prevents this because of FOMO. The broker may do all this if they know good news is imminent. My comments could be totally off the mark, either way it won't affect any outcomes. Maybe it's just a long story, with hopefully a happy ending.