This is just a joke. No transparency in respect to the profitability of Excite IT - revenue means nothing if this company also runs at a loss. The market doesn't like it and an additional capital raise just continues to dilute and devalue current shareholders positions further. I got out of this one in November last year when it popped back above 4c after reading the management reports and seeing absolutely no progress being made in respect to business objectives and revenue growth. I feel sorry for current holders that are now being totally ripped off but this CPT management as they take wages but produce no value to shareholders.
Ann: Proposed Acquisition of Excite IT, page-3
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0.9¢ |
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Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 850797 | 0.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 13427226 | 14 |
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