AVR 0.53% $18.60 anteris technologies ltd

the 10-1 consolidation (10c to $1) was proposed at the AGM...

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    the 10-1 consolidation (10c to $1) was proposed at the AGM 2014/2015 as a means to attract large INSTOs
    in hindsight, it was a signal to sell as is usually the case.

    Those who held on took massive capital losses of 90%+
    Now they are back at 5-6c after all this and still alive with triple the revenues and products.
    With no debt, $20M cash and $30Mpa revenues and INSTO support plus Forrest as major holder still, its looking way better,

    Prior trading zones were 30c to $1.70 then 20c to 37c
    Its worth a punt as the trading zone may now be stabilised to 5c to 8c, annual low of 4.8c is done imho,
    maybe a run 8c-16c is possible again if there is good news and strong revenue flows as predicted.

    Big gap on close 5.8-6.4c with light volume yet again on the match and on daily volume.
    Volume of 7M daily is now long gone. thats a positive. Still risky until CRs all done and finalised.

    We need to see a BOD cleanout and large holders taking control again.
    We are back to the past here.
    Last edited by Samboy69: 02/01/19
 
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