See attached. Right now it’s only 5m market cap. If you take into account 60% ownership illiquid by insider long term holders. 2m market cap. Current major shareholders all have a lot of money. If the SP drop more, they buy more.
Even just say an Individual X. He buys 100k Luna Classic at current prices. It 500x. He has 50m.
Then he looks at ZMM. it’s 5m market cap with circulating supply 500k. What’s 500k from 50m?
1% risk he can buy the liquidity out.
Even if we just look at Perenial Value. They make 65x from BET and 20x from Marley Spoon last year from a much bigger initial investment. And they made 20x from the gaming stock bought out by Jack Ma and Alibaba for 1 Billion dollars.
If I were Perenial, I’d buy the remaining 40% of the company out for less than 1m. Small investment from existing profits. Negligible risk. And a lifetime of dividends. But wait. If it drops another 50%, that investment only becomes 500k.
Now we just wait patiently for all the overleveraged people to sell their positions. Give it 2-3 months. And a bull market like you have never seen will inevitability initiate.
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.773M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 91289 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 91289 | 0.010 |
4 | 596000 | 0.009 |
5 | 2104222 | 0.008 |
1 | 200000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 100000 | 1 |
0.015 | 105334 | 2 |
0.017 | 86667 | 1 |
0.020 | 310000 | 2 |
0.021 | 6667 | 1 |
Last trade - 16.12pm 09/07/2024 (20 minute delay) ? |
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ZMM (ASX) Chart |
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