"It isn't necessarily a good sign to dilute the share pool by a further 50% when there is ample money in the bank to pay for the rest of phase one, and a chunk of phase two.
No matter how amazing the news can be, adding so much extra supply will always decrease the value, and the more shares are on offer, the more profit taking will hold back potential outbreaks and upward movements."
I agree with this statement, dilution is not a good thing however that is why I followed up with 'we will be better off in the long term'.
I would quite happily suck up a dilution now with the promise of bigger and better things to come in a couple of years. CTP has always been a sit and wait stock not a day traders stock.
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Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 88000 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 340510 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88000 | 0.054 |
1 | 49750 | 0.053 |
4 | 383253 | 0.052 |
5 | 586685 | 0.051 |
2 | 265000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 340510 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
0.069 | 200000 | 1 |
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