D.D. Just to put the record straight, not "everybody is stressed" about the SP. The way I see it, those that are "stressed" seem to be those that took a smallish punt on this company with all that Wise Owl and other HC forum hype, in the hope of doubling their money when the Track deal was finalized.
"The market" HAS positively priced in the cost of the Track purchase and the Market Cap has DOUBLED accordingly. THAT is what "the market" is all about, reflecting the fundamental value of the company, and it has done that with bells on. It is the PEOPLE who determine how THEY respond to that market response.
And from what we have seen, there has been a quite logical response from the speculators who invested in the share issue with a ST prospective. Quite logical and expected and with the overall market weakening, there have also been some soft hands who have jumped ship.
But, for those that have INVESTED in this company, who see the bigger picture, this day to day game that is being played is absolutely understandable, but, totally irrelevant to THEIR decision.
In fact, those people are most probably the ones taking advantage of these current prices.
My message to anyone who is "stressed" about being in CM8, they probably shouldn't be punting, or investing, in such stocks and should learn how the market works before they fork out their hard earned. All that they are doing is making themselves even more stressed and dragging others, who also probably shouldn't be in this type of company, with them.
This is now, effectively, a start up company, and as such,will be treated that way by those that DO provide the ultimate (inevitable?) re-rating and IMO, that won't be until the hard NUMBERS are disclosed in formal QRs. Until that happens, all the WORDS in the world wont make much difference.
Meanwhile, very much looking forward to listening to Domenic's presentations and answers to those inevitable questions in person. Not long to wait.
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Last
2.0¢ |
Change
-0.001(2.50%) |
Mkt cap ! $23.93M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $1.092K | 56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 2576958 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 455799 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 2576958 | 0.019 |
8 | 2959722 | 0.018 |
10 | 2058362 | 0.017 |
7 | 1742500 | 0.016 |
4 | 2060000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 455799 | 4 |
0.021 | 207886 | 3 |
0.022 | 830978 | 2 |
0.023 | 1154714 | 4 |
0.024 | 1185120 | 5 |
Last trade - 13.26pm 06/09/2024 (20 minute delay) ? |
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