Shot myself in the foot I did by talking myself into believing the first half would surprise on the upside then averaging down on Tuesday. What a goose. A skint goose as well.
So, this was the real reason why the SP is barely one third its September high: poor performance of the business.
I don’t know the details of the $9 million convertible note, but I hope the lender can only do a conversion into shares as repayment at a price fixed when the note was taken out. If the conversion takes place at say a 30-Day volume weighted average SP immediately prior to its maturity, we might face concerted downward pressure on the SP for the rest of 2018. An ugly thought. Could be a cheap way to gain control: $9 million note conversion at say 0.5 cent/share. Bye bye CM8.
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Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $21.48M |
Open | High | Low | Value | Volume |
1.7¢ | 1.9¢ | 1.7¢ | $21.24K | 1.202M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2045234 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 684260 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2045234 | 0.017 |
6 | 1540000 | 0.016 |
16 | 4399651 | 0.015 |
11 | 2096939 | 0.014 |
8 | 3122609 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 100000 | 1 |
0.019 | 584260 | 5 |
0.020 | 699505 | 4 |
0.021 | 647473 | 4 |
0.022 | 452473 | 5 |
Last trade - 12.17pm 20/08/2024 (20 minute delay) ? |
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