The announcement sucks but looking at the positives i think it is going to breath new life and interest into INP even though its at a new low. we have already had 50million plus shares traded today what was never going to happen with the share price action of previous months.
At current price of 2.5c per share we are at a market cap of 5.5mill what is about what we could get if we sold the remainder of our Gruden assets and the more i think about it i cant see how we cant have net cash considering our cash balance as of EOFY and our asset sales since.
the depth is looking favourable with 40mill buys and only 4mill sells so i really dont think we will be sub 3c for long.
Iv cleared up as much capital as possible to average down, really hoping its not throwing good money after bad but the signes of this being heavily oversold is to great not too just wish i timed it better.
All we need is some clarity from managment and we should be see a large move north.
IMO
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Mkt cap ! $6.219M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 333660 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 73334 | 2 |
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No. | Vol. | Price($) |
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1 | 333660 | 0.003 |
3 | 2100000 | 0.002 |
2 | 2200000 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.005 | 73334 | 2 |
0.007 | 293753 | 2 |
0.008 | 34646 | 1 |
0.010 | 105354 | 1 |
0.011 | 63750 | 1 |
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