""Oscar, many other ASX small cap companies also fit the "huge PE"/high MC state of affairs you describe above"'
i agree, but very soon the "rubber will hit the road " so to speak , and sellers will have nothing to sell into.
It will come with ann. on their sales or outside events, it will happen quickly and you have trapped baggies at $300million MC
You can only hold up price with bots all day, for so long.
just imo
Ann: Business Update and Upgraded Guidance, page-8
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Mkt cap ! $41.64M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $7.51K | 37.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16273 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 35140 | 1 |
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