I am very impressed when reviewing the Top 20 listing released yesterday. As I have written in my earlier post on 16 August, this gives me a lot of confidence in this company, because according to my calculations (see below) the 3 directors of this company own around 78.7 million shares or 20% of issued shares, and yet we have not seen any appendix 3Ys regarding sale of shares by directors.
This is important, because it means that the directors themselves have a huge interest in the company's share price, because their salaries are only $30k each per annum:
Added to this is the share price has been sitting under 1c for over a year now with average trading volumes around 100k per day over that period. The recent share price increase to 2.9c would have been a perfect opportunity to make some money for the directors, especially, if what some are saying, they will run out of cash soon.
The only reason they would not do such a thing, is that they must believe this company has much greater potential than its current market price of 2c per share and $7 million market cap.
Just my opinion. I bought into this company last week, because I believe this company has an excellent chance of providing great returns to investors, based on my research.
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Last
4.2¢ |
Change
0.004(10.5%) |
Mkt cap ! $51.85M |
Open | High | Low | Value | Volume |
3.8¢ | 4.2¢ | 3.8¢ | $123.7K | 3.001M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99310 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 654528 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99310 | 0.042 |
1 | 150000 | 0.041 |
2 | 262500 | 0.040 |
1 | 160000 | 0.039 |
5 | 228250 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 230898 | 3 |
0.044 | 350000 | 1 |
0.045 | 32000 | 2 |
0.046 | 217391 | 1 |
0.048 | 41000 | 2 |
Last trade - 15.55pm 26/07/2024 (20 minute delay) ? |
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