Re: 1M shares have been traded in the first 90 minutes of the trading day

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Re: 1M shares have been traded in the first 90 minutes of the trading day

in response to

Re: 1M shares have been traded in the first 90 minutes of the trading day

Coxos

posted on Sep 10, 2009 01:53PM

It could be that the IFFCO and the selling party have agreed on a price off line (say .60) and are now executing the sales and purchases at .60

The selling party must be a <10% holder as there are no form 4's being filed, only by the buying party.

IMO its major churning/share re-allocating going on...lets hope IFFCO supports the .60

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