I'm sorry to sound harsh but people really need to get this company is worth $1 figure out of their heads.
All we can go on is past history and when it comes to hyped up stocks that where mean't to be the next big thing then the ASX is a gold mine.
It reached $1 on hype and fomo as alot of stocks do when the music stops they normally retreat back to the teens where they stay unitl the company folds.
Did you know that only 1% of spec shares actually go on and make it to a large cap/bluechip share.
some examples....
MBN once a market darling reached highs of $3 plus then back down to the teens,VA twice now delisted.
AGO once $4.50 back down to teens sold for 4 cents
1PG once the next big thing reached a high of $4.50 back to the teens been in suspension for several years
TON once the most hyped up stock on hotcopper reached $1 now in the teens been in VA once
LNG once the next big thing now at 20 cents
All just examples of stocks that people thought could never reach the lows of what people were saying.
There's hundreds more you just have to go to the delisted graveyard to see them.
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- Ann: Financial Report for 30 June 2019
I'm sorry to sound harsh but people really need to get this...
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