82 seller 29 buyers.
Sell side is stacked 14 million shares to sell and 3 million wanting to buy.
With that kind of depth it's just a matter of when the deck will fold.
Current 4 cents, with more wanting to be sold at 3.9, buy only buyers lining up at 3.8 cents....
This will have a strong finish today IN THE RED.
Investors are leaving, long term holders and buy sentiment have had enough of the ongoing disappointment. This share price needs to reflect risk which it doesnt atm imho.
1.2 billion shares and 4 c... meaning a 48 million market cap, no way. It shouldn't be more than 10 times quarterly cash burn given it's not producing yet. Market cap shouldn't be more than 30 million or 2.8 cents a share nmeith this new raising of funds.
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