Not necessarily a trap - but I’m just putting it out there for the uninitiated- share prices can do very odd things when options expiry is imminent. Full disclosure - I hold some MEBOB and have just about written them off.
I think I’ve probably seen just about everything in my time, and right now this puppy has a few warning signs:
1. Options expiry imminent - two months.
2. Options (MEBOB) on a knifes edge of being in the money & conversion is important for management.
3. There are about 27 million MEBOB for sale at 0.001 and nobody is buying. Some holders want out & nobody appears to want in right now.
4. If the MEV share price can edge up just a little to (say) 1.2c it forces those MEBOB holders to either throw more money at conversion or flush them down the toilet.
Just be cautious here and watch carefully.
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $10.24M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $10.59K | 411.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 975139 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 850139 | 0.025 |
3 | 452253 | 0.024 |
5 | 1008906 | 0.023 |
2 | 636000 | 0.022 |
5 | 272730 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 15000 | 1 |
0.027 | 7000 | 1 |
0.029 | 200000 | 2 |
0.030 | 410334 | 3 |
0.032 | 6572 | 1 |
Last trade - 15.45pm 05/07/2024 (20 minute delay) ? |
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