I was a top 20 holder in another stock for 4 years. I had 30M shares with a purchase price of 3 cents. The sp went to 25 to 35 cents and in this range for 8 months. Same rhetoric as here, finance not a concern customers lining up. On no bad news shorters piled in and pushed the sp down to 18 cents and then they did a $45M Capital raise at 15 cents. When i quested the Chairman at the AGM about why they did not raise when the sp was stable in the high 20’s for months on end he stated “ there was no appetite from the market to invest at 30 cents”.
So dont be surprised if you are correct, Insto’s set the raise price in these penny stocks…
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.31M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100000 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2188170 | 9 |
View Market Depth
| Last trade - 09.49am 08/08/2025 (20 minute delay) ? |
| HIO (ASX) Chart |
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