You are definitely right, in most cases, but here it's different. The price is down over 95% and nearly at the lowest it can go - This will affect how they can raise capital in the future, especially when their target for capital is outfits like RedLeaf who rely on getting cheap shares at a discount to dump for a quick buck as soon as the price goes up a pip or two. They can't do that if the price is dropping constantly
The only way that the price is fluctuating here is neutral or downwards.It's my term for a small amount of cash you can throw it and not care if you lose it. For about a year, the share price was predictably being pumped and dumped before each 4C and a few other times. It was easy pizza money to be buying when it dumped ready for the next pump.
This is the state of this penny dreadful.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $3.226K | 358.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 8874638 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 3289777 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 8874638 | 0.008 |
11 | 8165426 | 0.007 |
8 | 5483500 | 0.006 |
2 | 2300000 | 0.005 |
2 | 1750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 3289777 | 4 |
0.010 | 3116464 | 8 |
0.011 | 8901721 | 10 |
0.012 | 11581705 | 16 |
0.013 | 2914845 | 4 |
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