Goedy
You state the obvious. If a company can't make a profit it doesn't survive. correct
However, you referencing the buy/sell screen doesn't have any relevance to the company. There could be no buyers, but it doesn't stop the company operating as this is a secondary market. A gathering point of buyers and sellers.
You assume the market knows best. So, the overall market was up 4-5% on Thursday from current levels. Not much has changed apart from US data and fears. So was Thursday right or is it now.
The market is a snap shot in time of moods, rather than facts.
To illustrate this further, G6M is up today, but Tassie newspapers have a story about the company delaying creditors while they search for more funding. However, they haven't released anything to the ASX.
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $123.0M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.5¢ | $24.04K | 431.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 62462 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.054 |
5 | 460000 | 0.052 |
1 | 10000 | 0.050 |
2 | 220000 | 0.049 |
2 | 256000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 10375 | 1 |
0.057 | 27161 | 1 |
0.058 | 250000 | 1 |
0.059 | 954694 | 4 |
0.060 | 360000 | 3 |
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