Well said however you are missing a key point.
In part, but not the main point - The manipulation is due to WKT management handing out shares to many left, right and centre. You can’t blame such operators for recouping their cash / profits from cheaply issued shares.
The main point however is - WKT is not demonstrating the financial viability of their business to the market. So…anyone sitting out and watching this story unfold would simply NOT invest. Two reasons why;
1) Lack of cash but a heap of debt.
2) Unconfirmed revenue supporting debt structure/profitibility.
Once you understand this - you won’t blame those that make the markets…you will however start to focus your questions of management who run WKT.
Ann: Lindi Jumbo produces 94 bags of graphite in single day, page-54
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WKT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.9¢ |
Change
0.001(1.02%) |
Mkt cap ! $66.45M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.5¢ | 9.8¢ | $59.93K | 601.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 151525 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 151469 | 4 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| WKT (ASX) Chart |