Being set for the CR.
The manipulators that took the share price to these depths, will now operate the system to raise cash. Get themselves set once again. Issue shares at a favorable price, sophisticates cash on out "expected" news and the cycle with a flat share price continues.
Share price will then sink again until institutional money arrives. May take 3 to 4 years before the numbers show continual profits and growth.
IME spends too much and revenue growth is minimal. Its financially distressed and no liquidity.
At this point institutions will not even look at this company until it has a turnover of $30,000,000 plus
In the meantime rats and mice taking a nibble at the cheese and disappear back into the woodwork.
Being set for the CR. The manipulators that took the share price...
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Last
50.0¢ |
Change
0.020(4.17%) |
Mkt cap ! $22.76M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 50.0¢ | 45.5¢ | $12.35K | 25.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6034 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 9000 | 1 |
View Market Depth
| Last trade - 13.32pm 23/08/2024 (20 minute delay) ? |
| IME (ASX) Chart |