The market formed bottom as Buffet said, and US +12%.
Where is bottom?
When the shares prices lower than 1/10, most holders have already not minded keep or cut , as same loss if cut. That should be bottom, just like now and in 1929.
If small share holders buy $500 at 0.007 for gambling, and win the Voting "NO" to the restructure, it could be $14286 at 0.20 after get back all unbilled customers payment. It's also a opportunity for WBC hedge back loss.
By the gambling and Vote "NO", to reduce Duncan's power, to keep the control of ERG.
I believe, The best resolution for most shareholders which is excluded by the board is ---
1.Get back all unbilled customers 200 millions cash payments, to recovery share holders loss by price upto $0.20.
2.Then merge to Cubic to say goodbye to the weak management board, may share market with Cubic by 50% 50%.
It's a double wins. They have some response today.
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- buy at bottom and vote no for save self
buy at bottom and vote no for save self
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $2.995M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $550 | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 65045 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49000 | 0.011 |
4 | 7812172 | 0.010 |
1 | 45783 | 0.009 |
1 | 120000 | 0.008 |
3 | 1481594 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 65045 | 1 |
0.025 | 199885 | 1 |
0.045 | 83068 | 2 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.54pm 01/11/2024 (20 minute delay) ? |
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ERG (ASX) Chart |