ROO 0.00% 0.7¢ roots sustainable agricultural technologies ltd

Plant based meat + huge increase in plant yields, page-85

  1. 989 Posts.
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    Same here. Sold too early, didn't expect it to run as hard as it did so fast.

    I wonder if part of the reason is people getting wrong info on shares outstanding and market cap. I keep seeing people use $4m as the market cap, both here and elsewhere, e.g. reddit. It's clearly wrong, as you can see from the latest appendix 2A showing 337m shares on issue. At the previous close the market cap $8.5m. At today's 0.044c market cap is $15m. Also relevant is the lack of any substantial shareholders in this company - nearly all the market cap is free float! So from a share dynamics point of view I don't see it as being as attractive anymore. It might still warrant a small bet as a spec punt, but I'll watch from the sidelines here.




 
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