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fumoyoda

2,802 Posts.

145

22/10/20

15:40

Post #: 48308482
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Originally posted by ChinaSyndrome: ↑

Long term prospects are undoubtedly bright. But if you think the DT's constantly milking the SP as it tries to grow only has a temporary effect you obviously don't have a clue as to Company financing. The damage done to the SP this week would translate into the company having to issue an extra 100m shares if it needed to do a CR; based on the loss of MC !..

We were well on the way to $4 by Christmas, we will now be lucky to make $3. DT's have effectively wiped $200M from our MC, and we have lost all of the momentum from the Coola announcement. Day trading is not harmless it has a cumulative effect. So don't come whinging about Dilution next time any Company you hold shares in has to do a CR !

A companies Shares Price is backed by its Fundamental metrics it therefore has a finite Value, it is NOT a Fiat instrument like a Currency eg US$ which is largely independent of any asset backing.

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can you please stop this continual blaming day traders and bots ..
Best to post on the day tading thread and tell them to return the 200mill or else...instead of falsely accusing them behind their backs.
so stupid...

PM8 Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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