I think at the micro cap end of the market, in many instances the result can be of minimal consequence.
For example this mob since 2017 has been paid $2,612,003 in tax rebates which enough to keep all those on payroll with an income stream.
Interesting how government money is given to those that cannot create a viable commercial business. It seems to be the greater loss you can demonstrate on your returns the greater the payout.
So who is paying.
The shareholders.....and in return for their contribution they get a 50:1 consolidation with a share price on its knees (illiquid) - whilst the CEO gets a bonus plus part of this bonus is $10,000 for renting an office in Brisbane.
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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $4.816M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.6¢ | $1 | 11 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 26726 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.041 |
2 | 212000 | 0.040 |
1 | 100000 | 0.035 |
1 | 93781 | 0.031 |
1 | 650000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 26726 | 3 |
0.110 | 52515 | 1 |
0.120 | 200271 | 2 |
0.125 | 26627 | 1 |
0.135 | 9524 | 1 |
Last trade - 13.05pm 10/07/2024 (20 minute delay) ? |
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