The constant dilution to stay afloat is the problem. The market cap looks ‘cheap’ but keeps getting divvied up.
I had a buy in at 0.02 when it was 0.05. I just pulled it this-morning.
The share price is 0.03 and we all know DW8 needs further capital to stay afloat.
This will be done at 0.02 or 0.01 / or the equivalent at a consolidated rate.
DW8 is mid way through its death spiral. I think it has more to run. The risk is too high, you could be right - I will never argue for or against and investment but I will point out facts.
The other thing you need to consider is what the true value of the company is. Who would buy a company in such a disarray? What is the underlying value? I could go buy a private company with 20-25% return outside the ASX any day of the week. Currently DW8 would be hard to even give away.
I would rather lose an opportunity to make money than lose my money.
Go find another stock if you have cash to burn. Diversify and look outside the DW8 lane.
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