Until everyone accepts that the "Blake TEAM" those who voted 82 million at the EGM, want out, completely, this very negative conversation will not go away. The volume at the moment is still around 11 million per day, too small, the liquidity is simply not there to combat those 82 million and other sellers. It appears that the Blake Team is not going to dump, like some vindictive unhappy, ex employees, Directors, often do, and we can be thankful for that small mercy. But, they could when their patience runs out!!.
It's the double whammy of the overhang from those 82 million wanting out, PLUS, the 300 million plus new shares that have been dumped INTO the market, that are all holding this SP down. It's pure market activity. Fundamental.
It does not include what the company is and what it is doing. Those two factors must be absorbed before we will see a fundamental reflection of what the company is and what it is doing. It will take a while.
Big news now could simply be absorbed by those who want out and we will lose any spike. One step at a time, sadly, our very best news could be compromised by simple market activity. Again, the timing of the CRs (financially justifiable??) and the Blake issue, has come at a difficult time. But, shareholders' TIME WILL come.
Continuing negativity about the company and its management doesn't help. UNITH is new, HC can be VERY INFLUENTIAL for Australian punters and investors!!!
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Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $20.86M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.7¢ | $126.8K | 7.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 265719 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 145000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 265719 | 0.017 |
9 | 1303700 | 0.016 |
9 | 3128849 | 0.015 |
9 | 1961225 | 0.014 |
7 | 3476931 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 95000 | 2 |
0.019 | 957293 | 3 |
0.020 | 652444 | 3 |
0.021 | 526150 | 3 |
0.022 | 452473 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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