The reasons DNA trading at such low price, is because the anchor price has been set so low, however the good news is that the total amount of shares in retail hands purchase at 5 cents or below only amount to less than 60 millions. Only around 5% of overall shareholding. Those that sell, are selling out at loss.
It surprises me, comparing casino stock like. AQS (canberra casino). That have not made any profit in the past 5 years with net tangible assets in negative territory. Yet, punter are willing to pay 1.5 cents a share. Compare to DNA, that never made a loss (prior to covid) and equity at 20 cents per share. But punter only willing to pay 3.8 cents.. I just don’t get how people evaluate stocks price...Just crazy.
DNA Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
