I don’t anyone has suggested the company is folding.
However a major shareholder selling down all his available stock indicates that he feels it is fully priced for the time being .
Sometimes it’s best to follow the smart money - in and out .
I feels this company does have intrinsic value - it was listed primarily for its rapid HIV ( and other ) testing kits .
I will continue to follow .
I do not think “ long term patience “ applies to anything in the market . I find that when people use this phrase it is to justify holding irrespective of events
Just my ramblings
GLTA
Ann: Change in substantial holding, page-31
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $13.42M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $4.534K | 206.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 205762 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 181965 | 2 |
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| AT1 (ASX) Chart |