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Good for a quick trade thanks to the unfortunate "cornerstone" investor putting up the prospect of a price increase. Small tens for a few days investment, not too bad.
Albeit, this company is really a disappointment to long term shareholders. What a comical joke it was for whoever to buy up the stock to a $40m mcap to get it on the NZX (fortunately for me I sold out on the peak of this very predictable piece of share price moulding).
I wonder if anyone other than the CEO with his salary and the vulture/venture capitalists who allowed it to be backdoor listed have made any long term money on this sad company?
ACMR of $10m should equate to expenses of about $20m and a loss of about $10m. Just wait for the next capital raise, shall we say 30 cents or 29 cents?
It it's baaaaaaad or is it saaaaaaaaad?