//I guess the fact creditors keep accepting shares in return for payment must mean at least some think this might move higher soon??//
This is not correct. Whe they pay creditors using shares, they use base price lower than market price. So creditors can dump them and get their money while SP goes lower.
And some recent big payments to creditors are just to extend due date and panelties for late payments, no capital payments.
Ann: Board Change, page-10
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $823K | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $319.6K | 300.4M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 113547275 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 40118357 | 23 |
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
| ME1 (ASX) Chart |
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