Those selling now (I assume) are losing money.
Their last placement in October 2016 for $8M was at 4 cents.
https://hotcopper.com.au/threads/an...-capital-raising-mdr-ax.2973584/#.WQgxqoEmKEc
The quarterly reports all show a business that is growing with some indicators in triple digits.
App users are growing in the hundreds of thousands per quarter.
1M users around the corner.
Pharmacy numbers are growing.
Patient Engagement Program growing.
What's interesting is all selling is coming from off screen. The sell side market depth is very thin. You won't get much under 3.6c.
Ann: MDR Mar-17 Quarterly Report and 4C, page-23
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $162.6M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 29.0¢ | $203.3K | 685.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4908 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 15.54pm 18/11/2024 (20 minute delay) ? |
| MDR (ASX) Chart |