On Friday, a single investor placed an order for 750,000 Cryosite shares.
Is the buyer serious? After all, chances of sellers satisfying the order are small.
The buyer is clearly low-balling. A bid of 3.1c values CTE at less than $1.5m.
Sure, Cryosite has just announced a $1.7m loss for the year to June 30.
On the other hand, the group has affirmed that:
1. Cash stands at ~$4m
2. Turnover stands at ~$8m, up almost 35%
3. Operations are "fundamentally breaking even".
I sense the buyer at 3.1c will - if he/she/it wants to join the Top 10 list - need to revise the offer, perhaps even doubling or trebling it.
Cryosite swap at the top, page-2
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.95M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 12037 | 1 |
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