That's true, go back to 12 months before that and many posters are still on hundreds of % gains, so if it was in a bank since then there'd be no comparison, many of the confident posters probably had the research ability to get in very early and hold for a long term, and are also happy to make those comments.
When a company can't be valued effectively due to its timing in the business cycle (before decent revenue is evident in the growth period) the SP is at the mercy of anyone, several shareholders could probably personally push it into the 30's even with people buying against them, and the opposite effect is also true, it would take very little to wipe the board with available shares, we've also seen in the past that one announcement can ignite the buying and cause volitility with the SP.
So yes the company is going great, industry expansion and customer growth have been excellent, I've personally been saying there wouldn't be any meaningful revenue until after this quarter since last year, and if the SP is how one gauges a companies performance, then IMO one shouldn't invest in it until revenue is proven as that's what usually drives the SP, but instead of buying shares at 5 cents each, be prepared to pay perhaps 80-90 cents each, that's the difference.
It's all a matter of individual timing and perspective!
Cheers.
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $330 | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 758441 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758441 | 0.011 |
2 | 333885 | 0.010 |
3 | 282222 | 0.009 |
2 | 510000 | 0.008 |
3 | 665000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 20000 | 1 |
0.013 | 350015 | 2 |
0.014 | 151511 | 3 |
0.015 | 234929 | 3 |
0.016 | 5328505 | 2 |
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