I'm not going to chase the bottom on this one - there needs to be a strong reversal to rebuild the trust.
Even @ 3c, that is a $25m market cap., given the 850m shares issued. So still not cheap.
Continual growth is required to establish the 'virality' potential of WP, which is the only premise on which a $50m market cap. can be justified at this time - when there are 'glitches' like we have just seen, it is clear that more than just one good announcement will be required to re-establish the trend, which is what happens when the faith with the shareholders has been lost.
The last three fortnightly downloads for iOS have been, chronologically, 300k, 250k and 150k - reverse exponential if anything. Pretty hard to ignore this, despite the well-crafted words from NOR.
@ 11/12/2015 Chart.patterns/.projections/opinions?, page-404
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Last
3.0¢ |
Change
-0.005(14.3%) |
Mkt cap ! $14.28M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.0¢ | $5.931K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 515500 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 338093 | 1 |
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| Last trade - 14.39pm 16/10/2024 (20 minute delay) ? |
| NOR (ASX) Chart |