Plenty of commotion in the markets today with a trading halt on a strong stock, merger talks and solid volumes.
I have had to hold off the report today due to these developments unfolding in-game.
Trouble Maker Approved (TMA) a solid holding and long-standing SL coder/developer has had a trading halt in place for over 24hrs. With the price swelling over the last week, it came as a surprise. The WSE has just issued an update citing RL difficulties regarding shareholder information. We have tried to contact other members associated TMA to no avail, but we will keep you posted as more news becomes available.
SL Marketing has posted a "Resolution" involving a shareholder vote for a possible merger. No news on "who" the merger is with...I'm sure it's exciting?
Also making waves is the in-world problems with ATM's. The WSE stated that lag and grid performance were causing the problems. Investor sentiment was cautious and after a strong end to yesterday, volumes were at their lowest since the upgrade.
The show goes on with movements last nite and this morning from (SUN-86%), (SLW230%), (LGO305%), (APZ31%)
- Apez Corp. (APZ) banking stock which has struggled since it's IPO to even hold on to 20% of it's listed value has been steadily climbing and has crept to just under the 50% of IPO price at $L2.99
- Sun Media Consultants (SUN) moving for the second time this week and this time way down! With a 30 day high of $L0.50 and low of $L0.01, seeing SUN hit $L0.06 isn't surprising.
- SLWizard (SLW) slipping to a terrible low of $L0.30 but with only 123 shares, not showing true pricing. Finishing up the days trade back to below IPO at $L0.99
- (HCL) I know this is a daily recommendation, but there is nothing stopping Hope Capital Ltd from doubling in the following weeks. Pick them up at $L0.80 at the moment.
- (AMS) you may be interested in small volumes with 35% movements. Get in at $L0.15.
SW
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