NRX 6.67% 1.4¢ noronex limited

So can anyone tell me who benefits from keeping the SP this low...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,749 Posts.
    lightbulb Created with Sketch. 1007

    So can anyone tell me who benefits from keeping the SP this low at such an unrealistic MC value, I certainly wouldn’t even contemplate selling any portion of my shares at this level and with only 370m odd SOI I doubt many holders would have different view. Only ones selling are pip trades and just over half a million $ gets you 10% of the company potential so at some point if anyone with good information wants a significant chunk the SP is going to have to lift a lot higher than its present valuation, I have a target of 4c before I even consider selling a slice of my current holding but depending on news events even selling any at 4c probably turns out to be a bad move.
 
watchlist Created with Sketch. Add NRX (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $6.949M
Open High Low Value Volume
1.4¢ 1.4¢ 1.4¢ $7.03K 502.1K

Buyers (Bids)

No. Vol. Price($)
5 787011 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 1000000 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
NRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.