We all know that one or more of the large holders in this company are reducing their positions. The Chairman has a few he might be getting rid of, as well as the parcel held in a fund he controls.
My issue is this. at .003, this company has a market cap of apx $6.6mm. Around $3mm of that is cash. Add the underwritten placement of ~$4mm, you get a $10.6mm company that is ~$7mm cash (66%). Growing sales, global presence, positive market dynamic, no debt, a track record of building businesses that get taken over, some huge clients, first mover advantage in many ways. All of that is being valued at a net $3.6mm.
Why? Is it because of a few Grillionaires whose holding is of little consequence to them and has subsequently been sold down? Or are the promises and marketing strategies all just pie in the sky?
Am I missing something, because it looks like I am in a minority in thinking that this business is a good thing?
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.702M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $510 | 509.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 490379 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 11009376 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 490379 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 11009376 | 6 |
0.003 | 4589221 | 3 |
0.004 | 1900000 | 1 |
0.010 | 1000000 | 1 |
0.022 | 1221999 | 1 |
Last trade - 10.58am 03/09/2024 (20 minute delay) ? |
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