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6.5¢ oakridge international limited

So is that good or bad for share holders? I've got the princely...

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ThereAbouts

4,430 Posts.

337

02/02/21

06:33

Post #: 50625572
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Originally posted by Levelgrinder: ↑

Nah, in my opinion its a shell play in progress. Been going on for months. Accumulation at lower prices, clean out of the old BOD, finalising liabilities, raising some cash to keep the lights on. Market cap is still only around $6 mill, but was even lower at $4 mill not so long ago.

Costs more than that to IPO a fresh unknown business, so a reverse takeover by a healthcare play (to add to JCT, or at least be in the same industry) is what I think is on the cards. Then do a consolidation to clean up the register. Voila, a clean ASX-listed vehicle to start all over again. Its how XPE got on the ASX. Rinse, repeat. All imho.

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So is that good or bad for share holders?

I've got the princely sum of $1500 riding on your answer.

EDIT: Which is now worth $52.

Last edited by ThereAbouts: 02/02/21

XPE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.000(0.00%)		Mkt cap ! $1.144M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.5¢	$728	11.19K

Buyers (Bids)

No.	Vol.	Price($)
1	13843	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	4763	1

View Market Depth

No.	Vol.	Price($)
1	13843	0.065
1	2762	0.058
1	70000	0.057
2	78100	0.056
2	118148	0.055

Price($)	Vol.	No.
0.068	4763	1
0.069	75000	1
0.070	841	1
0.175	22450	1
0.180	30000	1

Last trade - 12.48pm 27/05/2024 (20 minute delay)

OAK (ASX) Chart