Have read this threads for a long time (held since the 2c days). Fittingly time to share my 2 cents.
Is it possible that mgmt don't really mind if the share price drifts south for a few months/qtrs? Given that a buyout is the likely exit and it will come at a price reflective of the product, not premium to the market cap. The only reason for wanting to maintain the hype/price would be if there was need for another cap raise.
Happy to sit and wait while they knuckle down and produce a chip.
4DS chart, page-8
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Last
7.9¢ |
Change
-0.001(1.25%) |
Mkt cap ! $141.0M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.3¢ | 7.9¢ | $128.3K | 1.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 768460 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 1660173 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| 4DS (ASX) Chart |