Good news though isn't it?
If people (you) believe that a company with $6m cash (that just raised causing more serious dilution), with no current product but a plan to enter the acquisitions market is undervalued at $16m market cap..... surely a company with $16m cash (no dilution) and the ability to do the same is undervalued at $28m market cap?
And I should add that the company has $200k ongoing revenue.... That's 5 times more than people were happy with elsewhere.
What a bargain!!
You buying EM1 on open?
Ann: Half Yearly Report and Accounts, page-18
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Last
0.7¢ |
Change
0.001(7.69%) |
Mkt cap ! $8.054M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.628K | 232.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 7512332 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 223040 | 3 |
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| SP8 (ASX) Chart |