A takeover would be devastating now… surely 80mil will see them through to being cashflow positive from quarter to quarter… my average is 19cents, thankfully I don’t have many, I would buy more 13.5cents
However my concern now is that management has completely lost trust with retailers… why would they put out a very Rosie update just before a CR… management & sophisticated investors new this was coming, and insiders (sophisticated) sold into these Rosie updates to buy in at a cheaper price… and management empowered them to do so…
I would expect RED to be under 15cents for an extended period of time… that’s a lot of shares to churn through… as they move from quick buck weak hands to the stronger retail hands that are willing to wait out this uncertain time for RED 5
Ann: Trading Halt, page-35
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Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $2.210B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 32.0¢ | $8.819M | 26.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 947183 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 140883 | 4 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |