Unfortunately raising capital in this market is the equivalent of being in a lion's cage - expect to be mauled. If you are lucky, you may survive.
I know this capital raising may be the start of an ongoing dilution in shareholders equity for some time, but for a few cents I see the stock as worth a punt. I am under no illusion that the current decline in the stock may turn out to be terminal (like you Jef based on previous experience + gut feeling), but if I assume I am going to lose everything and keep the stake low, there would appear to be some upside worth chasing based at a 2-3 cent entry level.
I look at a company like NXS though with a much stronger asset base and see how they are struggling. I can't see any value above 2-3c max for the time being in this stock.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $5.795K | 481.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4316373 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 9419588 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4316373 | 0.012 |
11 | 11024782 | 0.011 |
16 | 20662232 | 0.010 |
3 | 6100000 | 0.009 |
2 | 245123 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 9419588 | 15 |
0.014 | 8007912 | 12 |
0.015 | 4555572 | 6 |
0.016 | 97225 | 1 |
0.017 | 72000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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