To Paul Jones,
I say sub 10 cents because that's where the stock would probably go if this Nasdaq listing doesn't come through. Everyone is assuming that it's a given. I don't think so at all. I've played these TSX, Nasdaq and ASX small and microcaps for a decade and a half..and I've seen a lot of these "sure thing listings" fall by the wayside. The run up has been in expectation of the listing. If it doesn't happen we go back to where we started..or lower.
My last example...Helicos biosciences on the Naz. It flew from 40 cents to 80 cents while I was on holiday in Spain 6 months ago. It was gonna be the next big sequencer..where is it now? On the pink sheets hlcs.pk. Delisted. 15 cents. Luckily I broke even on the investment once I saw the trend...
I'm not saying that it's gonna happen here...but don't ASSUME anything.
caution required...?, page-12
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Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 28.5¢ | $715.2K | 2.430M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 305228 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 36744 | 2 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |