There are a few issues when a company is at 0.001
- Everyone is on the sell side, and no one is on the buy side. I held a stock at this, and was in the queue to sell... but orders are only valid for 90 days on the platform i was on, so it would expire before i got a chance to sell
- No repercussion for their actions. The stock cant go lower, so they can do pretty much what they want.
- Raising money dilutes the stock VERY quickly. Lots of us in here got in at what 10-20c. sometimes at 5c...If its trading at 0.001, that means that they need to sell it to someone off-market at 0.0007 or so so that they can make money off it. dilutes the hell out of it very quickly. 1000 dollars at 0.0007... is 1.42M shares
- If shareholders refuse a consolidation, that's ok, they will just sell more off-market stock at 0.0007 until it passes eventually.
- you would need 4000 AUD to get into the top 20 shareholders at 0.0007
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Ann: Update on status of Final Feasibility Study, page-53
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $7.609M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $54.30K | 11.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 21569216 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4472571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 18569216 | 0.004 |
35 | 31254397 | 0.003 |
34 | 117500555 | 0.002 |
19 | 67400000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4472571 | 1 |
0.006 | 12016041 | 6 |
0.007 | 15926714 | 3 |
0.008 | 13700000 | 2 |
0.009 | 11629292 | 4 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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NRZ (ASX) Chart |