I think what's happening is that, apart from this not being earth shaking news (results being good doesn't change the previous narrative of results being good - what we need now is information about sales or development), those options need to be converted. People that converted options have stock at 5 cents and no particular future-focused investment. Their floor is profit on their 5-6 cents. As those get sold onto the market, they will be taken up by people whose floor is 10, 15, 20 cents and we'll hopefully start to see some good and reasonable price floors. That said, even the options converters will hopefully eventually start to say 'well I didn't hesitate to sell at 15 cents only to go on and sell at 10', but that starts to enter TA territory which I value but don't follow.
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I think what's happening is that, apart from this not being...
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $141.0M |
Open | High | Low | Value | Volume |
8.0¢ | 8.3¢ | 8.0¢ | $107.0K | 1.330M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 730000 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 59599 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 730000 | 0.079 |
8 | 568876 | 0.078 |
4 | 702858 | 0.077 |
2 | 303615 | 0.076 |
12 | 1213144 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 59599 | 2 |
0.082 | 1660173 | 1 |
0.083 | 169572 | 2 |
0.084 | 718031 | 3 |
0.085 | 59069 | 1 |
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