Oh, it was worth $4 and it still is - and more. The ONLY reason that this share is trading below it’s fair value is that there has been a cynical multi-year, organized manipulation using the natural volatility of a newly vital growth stock to milk value from good hearted investors by taking advantage of that volatility. These manipulators artificially amplify natural market pullbacks and hesitations by dumping shares at critical moments aided by computer algorithms, buying back at lower prices. This strategy can milk value from investors short term even in a rising market taking advantage of natural market fluctuations and amplifying them.
It’s a variety of parasitism, and harmful one that ought not be legal in my opinion.
Ann: YTD August 2023 Trading Update, page-82
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 8018 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |