Forum Archive Index - March 2001

["Malcolm Eves" <malcolm@easternasset.co.nz>]

Rubicon did not exist until today (for registration purposes) so this is simply old news being tidied up .

----- Original Message -----

From: Nigel Wilson

To: sharechat@sharechat.co.nz

Sent: Sunday, March 25, 2001 10:46 PM

Subject: RE: [sharechat] re : Barbara (FFS & FFSPA) - Shame & Double Shame on Regular Sharechatters

A massive order (267148663 shares, eg $66.8 million) went through at 10:13 at 25 cents!!  I assume this is not an error.  So, any explanation from other sharechatters is greatly appreciated.  A subsequent trade at 33 cents was made at 10:38 (50,000) shares.  Some-one can now drip feed sales at a VERY nice profit.  Is this likely to happen?  If so, the rise in this share price may be limited (IF there is a big seller who wants to sell $66 million of shares at a 32% easy profit). 

I may be reading the situation completely wrong, so can someone please shed light on this whole thing?

(I hold some FFS shares)

 

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