I stand by my previous comment that as good as Ray Blight and Malcolm Pradhan might be, I believe they do not have the necessary skills set to sell the company to potential investors such as instos or high-net worth individuals. Nathan Buzza had also given it his best effort but had not totally succeed.
This is why I personally think the two new directors were brought in. I am prepared to give them some time to see what they can bring to the company.
Until we get some strategic investors in who is willing to provide some price stability, the see-saw in share price will continue.
Every time the share price fall for no apparent reason, I keep re-examining the fundamentals of the company, and have yet to find any areas of major concern except for their marketing abilities.
ALC Chart, page-1432
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Last
5.7¢ |
Change
-0.001(0.88%) |
Mkt cap ! $75.87M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.6¢ | $22.86K | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 804079 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 197674 | 2 |
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| Last trade - 15.44pm 18/10/2024 (20 minute delay) ? |
| ALC (ASX) Chart |