i agree with your much of what you say Mac but the very moment i am at break even on this stock i will be gone for good.
why? quite simply because imho the board have no credibility based on the 1cps rights issue. i know of people that are still holding this share from the last placement @42cps. what kind of management waits until the sp is at its absolute record low price before effectively doubling the scrip in a massive capital raising? looks to me as if the board have probably done a "you scratch my back, i'll scratch yours" with KTM and have probably loaded their own pockets with 1cps stock.
in the past 48 hours i have spoken with around a dozen fellow traders/investors and everyone is thinking the same. no matter what DDT announce in future will be taken with a grain of salt because the board have lost credibility.
good for a trade but it would take a braver man than me to hold this for any significant period of time.
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Mkt cap ! $4.843M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 18605655 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 3035360 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 18605655 | 0.003 |
13 | 12028193 | 0.002 |
9 | 15701008 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 3035360 | 7 |
0.005 | 5455019 | 4 |
0.006 | 398467 | 3 |
0.007 | 1262185 | 3 |
0.008 | 700000 | 2 |
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