How is the volume and market depth of SIT any different from...

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reactor10

74 Posts.

10/10/16

10:08

Post #: 19738166
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Originally posted by kropka ↑

Little T,

The HC is for current and prospective investors (before committing funds) to exchange opinion and share information.

If they do Vet Fee Help, why don't you ring again and ask to enrol with Captain Cook College.
They making 1.5 million a month, so what diplomas are on offer with this RTO

The final reconciliation was completed for many RTO's months ago. The Australian newspaper is very clear that payment to 19 colleges was stopped and it does not take much to worked out why SIT is still waiting for their payment. In June report they said in couple months, now we have October and no news.

I assume you just forgot to ask the most important question: was or is Captain Cook College under investigation by ASQA and ACCC.

Why is this very important for investor? Just look what happened to Intueri and other RTO's unlucky to got regulators attention.

Do not be afraid to ask hard question. You are current investor and have the rights to know.

I hope you be able to attend AGM and perhaps I will be there and see if the board will confirm this $1.5 million per month from Vet Fee sector.

If SIT will be paid 40+ millions you could get a 3 bagger, but for me, I am sitting on the sideline
until the payment issue is solved and according to my research this is very unlikely.

Another thing is the exit strategy. I looked at the market depth. Any serious buyers are:
1 buyer @0.17, (100000)
1 buyer @ 0.16, (100000)
1 buyer @ 0.15 (195000)

and the rest of buyers represent no more than $7000.

Is it possible that all those orders that came "out of blue" only after Wednesday selloff are from one identity to show more respect to SP? The buyer side was worth only $6800 !!!!! with heaps of sellers.

So if they cancel their buying orders, who are you going to sell your shares to, Little T?

There is always time to buy but a huge problem if you can't sell.

Do you always invest in companies with small number of buyers and heaps of sellers?

I hope this explain why I stay on sideline and am not committing to buy SIT.

Why I mention ASQA and ACCC, payment issue etc, because HC was created to share opinions and information.

DYOR always and it is your choice to share it or not on HC. I made my choice and everyone can ignore it.

I am sure we will discuss this again, perhaps after AGM and one of us will say, you were right mate - my research was off the mark.

I will be happy to admit if I am wrong but not at this stage.

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How is the volume and market depth of SIT any different from most other microcaps? I wasn't aware SIT had become a blue chip stock? SIT's market depth has always traded relatively thin...

SIT Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $7.807M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
9	15324576	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	23606154	12

View Market Depth

No.	Vol.	Price($)
9	15324576	0.002
16	45930818	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	23606154	12
0.004	13540832	6
0.005	5893333	5
0.006	663333	3
0.007	3246667	3

Last trade - 16.12pm 02/05/2024 (20 minute delay)

SIT (ASX) Chart

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How is the volume and market depth of SIT any different from...

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