All this is just my opinion:
As you all know,I am the biggest MSB bear around. Have been for a long time.
The financial position is weak,the company burns shareholder equity at a rapid pace,intangibles are high, goodwill is substantial and I sense that writedowns are coming soon.
I believe some analysts are far too optimistic on the prospects for the technology. Any potential revenue stream is not projected for a few years out and I don't think people can afford to wait that long.
I think someone needs to pull a rabbit out of the hat to save it from dropping below $6. I suspect $3 is generous.
I think uninformed investors will lose money if they simply buy and hold. Technicals suggest a well-established down trend. Shortsellers probably all share my opinion already and appear to be increasingly resilient.
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- $6 might be way too much to pay for msb soon
$6 might be way too much to pay for msb soon
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Last
$1.03 |
Change
0.080(8.42%) |
Mkt cap ! $1.176B |
Open | High | Low | Value | Volume |
95.5¢ | $1.03 | 95.0¢ | $43.38M | 42.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 72752 | $1.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.03 | 205100 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.005 |
5 | 57985 | 1.000 |
1 | 50000 | 0.995 |
2 | 20525 | 0.990 |
1 | 10000 | 0.985 |
Price($) | Vol. | No. |
---|---|---|
1.035 | 190122 | 7 |
1.045 | 39714 | 5 |
1.050 | 21696 | 6 |
1.060 | 9750 | 2 |
1.065 | 5780 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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