Noting all points above, an interesting question would be: why are investors selling at these prices?
As a long-time follower which recently bought in, I am trying to understand the not-small volumes of selling within the 1.6-1.8c range.
I believe it is too small of a company to talk about 'trading the stock' or even 'manipulation'. However, the strong fundamentals (cash flow!!) and some potential growth justify a company value greater than the currently presented (I conservatively estimate the company value between 22M-25M plus 3M in cash plus growth potential). Is all of this cost-of-opportunity related selling?
I would really appreciate some contradictory points that may justify the, again, non-negligible selling volume.
Ann: Connexion Telematics OnTRAC Renewal with General Motors, page-168
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.83M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1038400 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 792771 | 4 |
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