Interesting, my gut tells me that as the market has sold down DUB during the last 5 months Sequoia are left with pissing in the wind with their $4.50 price target and they needed to construct an ugly reason to drop so far, whether or not the reason is justifiable or well researched remains to be seen, but I don't see it. The underlying principle is that you need to spend to grow and I know that the global market sentiment has retracted but I would not describe their spending as a "rampant cash burn". I'm not a fan of the vanity moves either but I also can't criticise their cost transparency, maybe more fulsome explanations of reasons for some one off expenses would create stronger market support.
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $22.19M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.6¢ | $29.27K | 1.726M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 6675164 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1986172 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 6675164 | 0.016 |
11 | 919567 | 0.015 |
6 | 2391923 | 0.014 |
2 | 1004000 | 0.013 |
3 | 1233415 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1986172 | 1 |
0.018 | 1544171 | 10 |
0.019 | 919667 | 3 |
0.020 | 913888 | 3 |
0.021 | 600 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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