Shot myself in the foot I did by talking myself into believing the first half would surprise on the upside then averaging down on Tuesday. What a goose. A skint goose as well.
So, this was the real reason why the SP is barely one third its September high: poor performance of the business.
I don’t know the details of the $9 million convertible note, but I hope the lender can only do a conversion into shares as repayment at a price fixed when the note was taken out. If the conversion takes place at say a 30-Day volume weighted average SP immediately prior to its maturity, we might face concerted downward pressure on the SP for the rest of 2018. An ugly thought. Could be a cheap way to gain control: $9 million note conversion at say 0.5 cent/share. Bye bye CM8.
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.57M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $20.82K | 1.301M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1080000 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 918627 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1080000 | 0.015 |
11 | 2003964 | 0.014 |
7 | 3973153 | 0.013 |
8 | 3747249 | 0.012 |
8 | 3062636 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 918627 | 7 |
0.018 | 791429 | 5 |
0.019 | 1853336 | 5 |
0.020 | 1262005 | 5 |
0.021 | 573572 | 2 |
Last trade - 15.54pm 19/07/2024 (20 minute delay) ? |
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