Folks, I need to make a correction to my post above -
I since spoke with the company, the CEO and management have not sold any shares since listing.
I made some mistakes with aggregation of the shares held by Goh Khoon (I did not account for shares/options in escrow).
The selling has only been from the rainmaker management group who were a cornerstone investor pre IPO. I would say in this scenario it's unavoidable for seed investors to take gains so there isn't much that can be done about that.
So as a whole, I think all we are seeing here is a catalyst effect of fear and stop loss selling due to the down trend and lack of interest.
As we come out of COVID (globally) there could be a nice uplift in revenues which may reverse the downtrend.
Change of sentiment from me based on current price, I think this is being oversold in comparison to peers in the same sector.
It's a BUY from me.
Good luck.
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Folks, I need to make a correction to my post above - I since...
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Last
4.3¢ |
Change
0.002(4.88%) |
Mkt cap ! $4.968M |
Open | High | Low | Value | Volume |
4.1¢ | 4.3¢ | 4.1¢ | $21.79K | 520.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 127720 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 124500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 127720 | 0.041 |
6 | 587400 | 0.040 |
2 | 60000 | 0.039 |
1 | 78945 | 0.038 |
1 | 138000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 124500 | 2 |
0.044 | 176953 | 2 |
0.047 | 180000 | 1 |
0.048 | 65108 | 1 |
0.049 | 431000 | 4 |
Last trade - 15.50pm 23/08/2024 (20 minute delay) ? |
OSX (ASX) Chart |
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David DeTata, Managing Director
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