The counter-point to this would be that bad news that is price sensitive legally has to be shared immediately. They have a pretty good record, as far as I can tell, of calling for a trade halt or even suspension when they get bad news (even if they don't then sometimes tell us what the hell is happening for what was it, like 6 weeks at one point).
However, the other part of the statement, that nothing appears to be happening, can be taken for bad news in and of itself. I think the thing that pokes me about that no news is bad news thing is that I don't actually care about any news except for 'firm offer has been provided', and they do have discretion about what they consider to be a firm offer (if there even were any offer!). I suspect the AGM is going to be talking about what the next steps are given the absence of firm offers, and yeah that's likely to lead to a hit.
I am very much sick of the pump and dumps. This is my last spec stock, I think; I didn't recognise when I bought in that it's just thinly veiled gambling (maybe ETFs and blue chips are gambling, but the veil is thicker and at least there's a cleaner tie between the shareholders and the profit margins).
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Last
9.0¢ |
Change
0.002(2.27%) |
Mkt cap ! $158.7M |
Open | High | Low | Value | Volume |
8.9¢ | 9.1¢ | 8.9¢ | $121.9K | 1.361M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 50691 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 45178 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 50691 | 0.089 |
3 | 125341 | 0.088 |
9 | 1553852 | 0.087 |
6 | 1026804 | 0.086 |
11 | 862571 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 45178 | 1 |
0.091 | 430000 | 2 |
0.092 | 183892 | 2 |
0.093 | 181179 | 3 |
0.095 | 160729 | 4 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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