It doesn’t have to make it or go bust, there is also zombie land.
Perhaps take a look at its sister company ROO, which has some of the same players, to see where ME1 could end up.
ROO is the walking dead. It has a market cap of around $500k, pays most of its bills in shares, and is just kept going by drip feed from major shareholders since it can’t raise funds from the market any more. SP went to 0.1c, did a 12:1 share consolidation, now on its way back again. And like ME1, negative NTA.
US CANNABIS STOCK RALLY - DEA TO RE CLASSIFY, page-24
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $612.5K | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.36K | 1.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 23041478 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 13018554 | 18 |
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| Last trade - 10.04am 18/07/2024 (20 minute delay) ? |
| ME1 (ASX) Chart |