DEL 1.00% 9.9¢ delorean corporation limited

Ann: DEVO Project - Final Investment Decision, page-53

  1. 226 Posts.
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    Relax mate. The bad news is for those holding post IPO purchase prices as I've said multiple times now.

    *very* rough volume calculations. It had trading volume of 56 million on day 1 of listing followed by a similar volume on day 2, and a big drop after that. On those initial days shares were trading between 30-42c. Given there is only ~90 mill shares not owned by insiders. I think its reasonable to say that 50+ million shares were bought at an over inflated price. Looking at a more reasonable entry price of ~.24c there has been a volume of around 43 million in total since it hit that level. So there are still a bunch of shares that were bought at almost x2 current price. People realising capital gains loses was always going to happen.

    Also the so called mega dump was onlt around $100K worth.
    Last edited by emptytrolly: 22/06/21
 
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