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GX NETWORKS DISCOUNTED SHARE PRICE (GXN)     

sagem1 - 05 Oct 2003 16:17

It is stated in Saturdays Sun under Sun City that shares will be issued to investors at dicounted price 6.25p. Looks like a rights issue after all.We should hear the good news this week I hope.

dclinton - 15 Oct 2003 10:10 - 24 of 26

Stocktrader,

Interesting post which raises some questions for me:

1) Why do large trades not have to be reported when they happen?

2) Do I take it that whether a trade is reported as a buy or sell by a system like AM is inferred by which side of the mid-point the price is and that the trade information coming from the market does not actually say whether it is a buy or sell?

3) Some trades go through as 'Unknown'. If 2) is true, would this be because they take place at the mid-point of the spread?

Thanks.
Doug

IanT(MoneyAM) - 15 Oct 2003 10:21 - 25 of 26

dclinton,

With regard to your points 2 and 3 - please refer to the disclaimer at the bottom of the MoneyAM Trades page which will give you all the information to answer these questions - but basically on these 2 points, your asumptions are correct.

Regards

Ian

dclinton - 15 Oct 2003 11:39 - 26 of 26

Thanks Ian. I've never scrolled down that far before :-)
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