I hold and was part of float , so I am under water as are many others . My choice not blaming anyone but hopefully my decision will bear fruit..
I believe in the company and its future - it is in the right space and thus far has performed well and delivered on their forecasts but they would not be on ASX if it were not for investors money . I am certain that if the escrow over hang was controlled in some way ( the directors know full well who is holding this stock ) , especially the larger parcels ( nearly 48m just come out of escrow this week ) ,the share price will start to move north and back up to par , where is should be .
Directors will always say they that they are not not bothered by the share price and to busy running the business than to worry about the price , maybe that's because most of them likely never paid a cent for their stock - they have a right to look after their investors and if they are aware of something that is negatively impacting on the share price , ultimately de valuing their company , then they should do everything they can to resolve the issue as quickly a possible . We have now been going for 6 months plus and share price has never exceeded 12 cents .
I applaud the companies recent success , especially the Priceline deal but the uplift in share price and liquidity ,was short lived and obviously an opportunity for more dumpers of cheap stock, to get their money back . Unless this stops, it is going to take years of announcements to get this anywhere near the float share price of 20 cents.
I hope company directors read these forums and take note of investor frustration - no point calling them , you can never get through to anyone and if you do you always get the same generic response not an action plan .
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Last
67.0¢ |
Change
0.060(9.84%) |
Mkt cap ! $146.8M |
Open | High | Low | Value | Volume |
64.0¢ | 69.0¢ | 64.0¢ | $608.9K | 915.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 441 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 9000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 441 | 0.670 |
2 | 15560 | 0.665 |
2 | 31434 | 0.660 |
5 | 34625 | 0.650 |
1 | 4400 | 0.645 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 9000 | 1 |
0.680 | 7520 | 2 |
0.685 | 12204 | 2 |
0.690 | 14341 | 3 |
0.695 | 8520 | 2 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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BIO (ASX) Chart |