Goedy
You state the obvious. If a company can't make a profit it doesn't survive. correct
However, you referencing the buy/sell screen doesn't have any relevance to the company. There could be no buyers, but it doesn't stop the company operating as this is a secondary market. A gathering point of buyers and sellers.
You assume the market knows best. So, the overall market was up 4-5% on Thursday from current levels. Not much has changed apart from US data and fears. So was Thursday right or is it now.
The market is a snap shot in time of moods, rather than facts.
To illustrate this further, G6M is up today, but Tassie newspapers have a story about the company delaying creditors while they search for more funding. However, they haven't released anything to the ASX.
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Last
5.0¢ |
Change
0.004(8.70%) |
Mkt cap ! $111.8M |
Open | High | Low | Value | Volume |
4.8¢ | 5.0¢ | 4.7¢ | $29.43K | 606.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 315799 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.049 |
1 | 21269 | 0.045 |
1 | 250000 | 0.043 |
1 | 150000 | 0.042 |
1 | 100000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 315799 | 2 |
0.051 | 500000 | 1 |
0.053 | 740000 | 1 |
0.054 | 15450 | 1 |
0.055 | 1050000 | 2 |
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