At what point from $1.80 to $0.135 should share holders start to get scared.
I am not trying to trade anything. I can now buy 13% more shares than I could when my shares sold at $0.155
The fact you don't know about the current arrangement with financing is what you should be bothered about.
I get you hold, but it seriously can't be any type of substantial position if your blind faith in management, and your ignorance to the current operational and financial circumstances mean you are will to continue to hold no matter how bad the decline in share price.
I'm coming across as a dick, but I am not trying to, I don't want the SP to get to $0.10 (which I think it will, and we have a market cap of $28m, and we need to raise another $20m at $0.05c just so we can get the funds we need to survive another 18 months.
The fundamentals are strong, that is why I had 157,000 shares (I stated previously my target was 200,000 shares). But no matter how you look at it, we got screwed by management.
Being an apologist, or having a position, the size of which, that has no bearing on your financial well being doesn't make your position right.
Am I right? Possibly not. BUT, my issue isn't the long term prospects of the business, it isn't the quality of the technology, it isn't about how hard the staff are working, it isn't about the growth of the business (which is healthy in isolation), it is entirely about how Wayne Paterson and the board were seemingly implicit in providing numbers that were a long shot at best and no chance in hell at worst.
I want to see the numbers which informed their numbers. I have asked the company for this, and once (if?) I get a reply, I will post the response here for transparency.
"Punters getting scared out of their shares". FFS, punters (and institutions in this case) have seemingly had millions of dollars defrauded on bogus numbers.
We won't know the facts until the company responds with the transparency a situation like this requires.
- Forums
- ASX - By Stock
- Ann: Appendix 4C - quarterly
At what point from $1.80 to $0.135 should share holders start to...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.15 |
Change
0.350(2.97%) |
Mkt cap ! $256.8M |
Open | High | Low | Value | Volume |
$11.80 | $12.15 | $11.21 | $376.0K | 32.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 139 | $12.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.15 | 830 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 139 | 12.000 |
1 | 841 | 11.900 |
1 | 1000 | 11.800 |
1 | 5000 | 11.720 |
1 | 2 | 11.260 |
Price($) | Vol. | No. |
---|---|---|
12.150 | 830 | 1 |
12.250 | 175 | 1 |
12.400 | 198 | 1 |
12.800 | 1000 | 1 |
12.850 | 1000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |