This is my understanding of how consolidation at 50:1 will benefit share price, in order for institutions to invest the share price needs to be around 1 dollar to comply with investor requirements, so 20:1 or 30:1 or 5:1 ain’t going to cut the mustard.
Once we reach the 1 dollar magic number share price and funding can be discussed and hopefully part or some positive announcements, there’s no reason share price should tank unless fundamentals change.
Yes there’s is a risk and nothing is guaranteed in life but like I’ve said in my previous comments, if the reason you invested into mgt a year ago or two years ago hasn’t changed, then stand strong because we are going to find out over the next couple of months where we are headed.
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- Ann: Chair's Address for 23 November 2022 AGM
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 14442 | 0.185 |
3 | 90880 | 0.180 |
1 | 1200 | 0.175 |
3 | 56500 | 0.170 |
1 | 20000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 12000 | 1 |
0.195 | 35917 | 1 |
0.200 | 3120 | 1 |
0.210 | 15000 | 1 |
0.220 | 3773 | 1 |
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