Sadly the CN continues to create backward momentum for this stock. As while now down to $483k, that is still a lot of liquidity to get through when incentives is to dump. While buyers are unwilling to step up whilst this hangs over the stocks head.
Paid a heavy price for the couple of million this raised after costs......from this Convertible note.
Unless the company can pull out a major liquidity type announcement e.g. telco deal, it just means more pain for shareholders short term. As hard to believe this stock is under $20m. and doubt it would be if CN was still not in play.
Ann: Appendix 3B - Part Conversion of Convertible Security, page-21
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OAK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.862M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 1524 | 1 |
View Market Depth
| Last trade - 16.12pm 01/08/2024 (20 minute delay) ? |
| OAK (ASX) Chart |
Day chart unavailable