there is a historic trend in markets where they have crashed, that October is an unlucky month..
What matters is that EDE continue with sales momentum, and recommendation from both the trials, and user experience, professional word of mouth etc. Individual stocks will need to check their own registry rigging if there is an October storm. Given that EDE has been smashed already, a story turning around with sales momentum, you would hope that having raised money at 0.8c just now, is a foundation that will weather any october wobbles, if they eventuate.
Some additional supply with the 1m placement, was good enough to deepen their appetite.
I would speculate, that the interest rate rises, talk of recession, may push new markets to new lows in oct.
While it has little to do with the prospects of EDE, because it is leeching into a massive market share, that someone who wants to spend hundreds of thousands on Concrete that is proven to have better economics of scale (durability) still needs to place that order. They are not going to leave a road or airport surface in ruin, but rather seek the best, and if already considering Edencrete, move on it.
There is extra supply on market from this placement, expect it, and dont sweat it if you back the long game, but use that potential swings to your advantage. They may give it away at same price, and avail discounts that will attract a premium in future years assuming we stay on the ball.
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Mkt cap ! $8.216M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $2 | 1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 202467439 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 26448769 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
57 | 201967439 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 26448769 | 21 |
0.003 | 45085310 | 26 |
0.004 | 5341034 | 5 |
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0.006 | 1500000 | 1 |
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