I reckon it's just perceived as a penny dreadful and it's got nearly 3.8B shares on issue, and building with the additional shares that will be gobbled up by those participating in the debentures.
Needs a consolidation of shares, 1 for 10 or higher.
That won't change anything in regard to market cap, but I think when the unsophisticated investors, that us apparently, are looking for an investment it gives a warm feeling of credibility when they're looking at a 33c stock as opposed to a 3.2c stock.
Just my thoughts
Ann: March 2023 Quarterly Activities Report, page-127
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Mkt cap ! $92.98M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $72.98K | 3.320M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1039150 | 2.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1092871 | 5 |
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