CXZ connexion mobility ltd

Lets be clear for a moment. "In noting the significant recent...

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    Lets be clear for a moment.

    "In noting the significant recent increase in turnover of the Company’s shares, the Board advises that a material percentage of recent turnover relates to the exit of one of the Company's long-standing shareholders, Lucerne Investment Partners and its Associates, notably the Principis Master Fund SPC - Lucerne Master Fund SP ("Fund"). In their administrative capacity, the Directors of the Fund recently appointed an independent Investment Manager to manage the portfolio of the Fund, including the buying and selling of positions."

    Direct from the company.

    Sorry, but the peak was 3.8c, are you telling me it was his fault it dropped from 3.8c to 2.9c? or from 2.9c to 2.2c or from 2.2c to 1.4c?

    This stock was and still is riddled with wanna be day/short term traders and professional day/short term traders. What it seems like to me is that many had a taste of their own medicine. Entered the stock, pumped it like they do on the day trading forum, facebook and other social media avenues but got duped by the fund selling. Many left with significant losses, once sold out trashed the stock because it didn't go their way. Other investors seeing value and seeing the emotion riddled in this stock are taking advantage of the subdued price and backing the profit making company. Value eventually shines through.

    I'm not saying he or management are perfect, they have lots to do. And i would personally like to see some other larger holders taking positions to soak up the extra shares on market. But at the same time, I would also rather them work on the business to continue to make profit than pander to day traders who lost some money.

    IMO of course.

    Good luck to you
    Last edited by Goldies: 05/10/20
 
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(20min delay)
Last
2.6¢
Change
0.001(4.00%)
Mkt cap ! $21.08M
Open High Low Value Volume
2.5¢ 2.6¢ 2.5¢ $3.491K 139.6K

Buyers (Bids)

No. Vol. Price($)
3 3335843 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 361617 4
View Market Depth
Last trade - 13.13pm 27/06/2025 (20 minute delay) ?
CXZ (ASX) Chart
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