just look at MYX - directors lost a MOTZA when they took out loans for heavy exposure in the mid $1 or $2 range (forgot the exact amount, but they lost ALOT).
Got smashed to about 60c, they took a major beating. Continues to languish. Takes time to rebuild mkt trust (which is easily lost these days, compounded by shorters)
Directors must be perceived to back their position in tough times, otherwise if they don't, who will?? and it exposes their vulnerable fat cat positions. All are mechanisms to protect their own derrieres....hence why its best to DYOR.
Cant see the next step change for this? will they partner with grocery stores? they need new distribution mechanisms - ones with bigger margins and ROI.
watching this one.
just look at MYX - directors lost a MOTZA when they took out...
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Last
$1.23 |
Change
-0.003(0.20%) |
Mkt cap ! $2.031B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.22 | $1.593M | 1.289M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 62488 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 91900 | 27 |
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| Last trade - 15.04pm 07/08/2024 (20 minute delay) ? |
| SIG (ASX) Chart |