The US500, Dow and NASDAQ look on the verge of rolling over, what will a broader market pull back do to something like 1MC? Markets have been smashing it these last few months while 1MC has remained in its downtrend, 5 to 8% market pullback might see a 50% drop for 1MC.
It cant be easy trying to raise money for this noting it is really just a shell company. With SYA the focus for management they might just raise enough to pay back their note and then wind it up.
If I was a betting man I would say 1MC will cease to exist within the next 6 months.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-55
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Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $8.935M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.3¢ | $2.933K | 88.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 187955 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 123310 | 2 |
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| Last trade - 15.38pm 02/09/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |