gougoodthing wrote: "In my opinion the attempted board spill instigated by CB has played into the hands of anyone wanting to take over CTP if that is what is going to happen. This action has without a doubt has suppressed the share price. And wether it was done intentionally by CB or not (and lets face it who is CB really representing, no one really knows) it may well have cost shareholders dearly."
go, I completely disagree. The share price slump is 100% due to the board selling 130Mln more shares. The price dropped the day after those were issued, and dropped to around the point of the price of those shares.
The stock was blocked from increasing above 10.5 by exactly the same thing that every other share faces at 10-11 - that is the sweetest point for traders, and they work hard to keep a stock there.
I see *nothing* that can be attributed to the firing of JH, the spill action, or the various other legal events occuring around CTP atm.
In fact I'm sure if you went back and looked at the figures for the times that CTP has previously tested 10-10.5 you will see exactly the same kind of behaviour, and I KNOW that every time new shares were released on the market the SP drifted down to the price they were sold at.
Just ask those that have been around a while about the effects of the Bank Facility - right Donthat?
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5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 292051 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 500000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 292051 | 0.049 |
3 | 1230000 | 0.048 |
1 | 100000 | 0.046 |
2 | 99092 | 0.045 |
2 | 28222 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 500000 | 1 |
0.052 | 96150 | 1 |
0.053 | 13619 | 1 |
0.055 | 11000 | 1 |
0.056 | 14619 | 1 |
Last trade - 11.37am 11/07/2024 (20 minute delay) ? |
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