Your comment " Also shows why we need a major investor to come in asap. " is interesting
You could be right but I'm inclined to think that, that is the problem not the solution.
Major investors aren't likely to kick the price up when they want to buy they are more likely to approach the company and negotiate a placement which is what happened when we took three very large investors on board in the middle of last year when the uncertainties around covid19 meant it was prudent for companies to strengthen their balance sheets.
Regal who are renowned for using their financial strength to trigger TA events that work in their favour when they are wanting to buy or sell and two others who probably play similar games. Whilst some would call it manipulating and greed others would see it as good business practice. It only works of course if those they are targeting are super follows who think others know better than them and follow what others are doing irrespective of the fundamentals that will drive profits and by natural forces the Share Price.
It seems pretty obvious that the covid threat to VMT didn't eventuate so maybe its in shareholders interests if the company uses the cash pile to buy back shares and put a Stop to their Game.
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $52.27M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $7.8K | 61.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 49672 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 1759 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 49672 | 0.115 |
3 | 55772 | 0.110 |
2 | 203257 | 0.105 |
3 | 26500 | 0.100 |
1 | 15000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1759 | 1 |
0.130 | 503439 | 3 |
0.135 | 123652 | 3 |
0.140 | 759639 | 4 |
0.145 | 112210 | 3 |
Last trade - 15.22pm 06/09/2024 (20 minute delay) ? |
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