Over the past month almost half the company's shares have traded mostly at 0.02. If there is a single (person or entity) buyer this now points strongly to a backdoor listing and one would expect the sequence of buying to continue.That is buy at 0.02..pause...if pos put through a 0.01 sale...wait for sellers to queue at 0.02, resume buying. The shares are worth 0.03 which is an extra $0.05 million the current sellers have foregone. The interesting part will be for those of us hanging on, what the compulsory sell amount will be once the current purchaser accrues 90% of the company. By then those who have sold will collectively have undersold their shares to the tune of $1 million and the remaining 10% of shareholders still holding may get offered 0.03 which is the minimum market value I believe the shares are worth.
My position is to hold and continue holding but I may be tempted to sell if 0.03 is the going rate because this would provide a fairer value, combined with greater certainty of outcome.
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.908M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2659 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 110000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2659 | 0.100 |
1 | 10000 | 0.070 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 110000 | 1 |
0.165 | 19131 | 1 |
0.175 | 100000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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