Intec's MC is down to just over $4m , which is barely cash value. It means we have an EV of a BIG , FAT 0 ( this doesn't take into account any royalties from BSM or possible revenue from EAFD or Env. Bond) The market is telling us that it has no regard for our technology or our elite management. It even considers them as a liability. Whether this is a true market assessment of Intec or purely someone having fun playing with the SP,remains to be seen. As I have said before , Intec is the most loosely held stock on ASX & has a tiny MC that is easily manipulated. The SP seems to be held down by a mysterious hand , intent on triggering stops under 2c ( which could eventuate) We shall wait & see , but if Intec settled under 2c,this will have serious implications on how we value the business model & the guys implementing it. All this gloom might turn out to be unwarranted , but that is how it looks at the moment. I must say that I don't have a single share on the seemingly large sell side. Regards all.
SDV Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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