haha.
You're acting as if BRN's slide has only started since Evergrande stopped paying it's bills.
BRN's weakness come down to a complete lack of (material) runs on the board in terms of revenue and customers and (so far) a completely unproven product.
Maybe Akida will end up selling, maybe it won't. There's significant risk for investors.
The reason shorters are having a field day is down to the number of BRN holders who are 'cult'ish' with their holdings and have the mistaken belief that a company with essentially no revenue has been de-risked.
The pain is unlikely to end anytime soon. There's limited chance of a turn around given announcements won't happen until October at the earliest due to P VDM's share sale.
The other question is whether P VDM is even done selling yet. If he drops anymore into the market, it's only going to add to the weakness.
Chart, page-11754
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $323.8M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $320.6K | 1.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 814982 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1342159 | 41 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 814982 | 0.165 |
40 | 1391617 | 0.160 |
55 | 1700708 | 0.155 |
131 | 4261049 | 0.150 |
38 | 789612 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 1342159 | 41 |
0.175 | 1087629 | 18 |
0.180 | 1596777 | 24 |
0.185 | 643633 | 22 |
0.190 | 783346 | 15 |
Last trade - 14.06pm 12/09/2024 (20 minute delay) ? |
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