Like some above have said, in this current climate, this isn't the worst outcome or deal.
Yes, some people who got in at 15c, 20c or 30c will do their dough, but that's investing. Take the capital loss and move on, it's not the time to be emotional, or hope for a fairy tale, it's time to be rational.
If OLI continues to operate as a standalone business they'll almost certainly have to raise cash, and the way things are going with CoVid-19, if Australia ends up anything like Italy in the next month or two, with most people staying at home, and the country in lockdown, OLI will almost certainly have to shut up shop and/or try and pass the hat around (which is as good as calling in the administrators anyway).
I think 10c is fair and reasonable (in the current climate) - better something than nothing.
Just my 2c worth
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Mkt cap ! $7.933M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 35163 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.9¢ | 58185 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35163 | 0.018 |
2 | 700000 | 0.017 |
2 | 1023709 | 0.016 |
6 | 1999466 | 0.015 |
2 | 235715 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 58185 | 1 |
0.020 | 137346 | 2 |
0.021 | 199988 | 2 |
0.023 | 255456 | 2 |
0.024 | 270882 | 2 |
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