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andymca

427 Posts.

03/08/16

12:25

Post #: 18433905
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Originally posted by showstring ↑

10c being broken is quite major

unless significant buying/support emerges (no sign of it), this is going lower

I guess the issue of another ~500m+ shares is probably the issue here ($50m worth of stock for Noveda+Zentri acquisitions).

This is significant dilution

In addition to this, $50m worth of stock is obviously dependent on the stock price... at 10c its 500m shares, at 8c it's 625m shares, at 5c it's 1b shares, and so on...

so people who want more shares have a vested interest in pushing the share price down to as low as possible over the coming months

due to lack of support/buying interest, this appears to be an easy task

guess the market has decided this company is not worth the $100m market cap for the meantime

Expand

Yes, the 1.7m Shares sold may have seen the opportunity to buy back their 1.7m at a significant profit.

BUD Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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