The US500, Dow and NASDAQ look on the verge of rolling over, what will a broader market pull back do to something like 1MC? Markets have been smashing it these last few months while 1MC has remained in its downtrend, 5 to 8% market pullback might see a 50% drop for 1MC.
It cant be easy trying to raise money for this noting it is really just a shell company. With SYA the focus for management they might just raise enough to pay back their note and then wind it up.
If I was a betting man I would say 1MC will cease to exist within the next 6 months.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-55
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $15.44M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $12.89K | 4.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 145 | 197920249 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 44471257 | 94 |
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| Last trade - 15.10pm 21/06/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |