gordon,
""Sadly the technology and shareholders are victims of one of the worst and greedy mgts on ASX...""
I think many will agree with you. The markets reaction has not been a positive one since they announced the capital raising. Its been one way traffic and is reacting the way I thought it would, hence the reason I posted at the time about my disappointment with management and my reasons for selling out.
They told us that the capital raising was oversubscribed. Well I guess they will see how much more stock was wanted at that price because it is there now.
This company now needs a very good announcement to turn the ship around otherwise the share price you mentioned is quite possible. Hard to believe when you consider the excitement that surrounded this stock only a month ago.
Everyone can draw their own conclusions as to why it is suddenly on the nose.
Ann: Completion of Placement, page-307
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Last
1.6¢ |
Change
0.002(14.3%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $2.946K | 185.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 716666 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 4125552 | 4 |
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| Last trade - 14.20pm 19/07/2024 (20 minute delay) ? |
| LBT (ASX) Chart |