Talking about market cap which is now $11mil, they have nearly $7mil in cash, so the entire 1102-1103 pipeline (plus existing licence deal) is worth $4mil. This crystalizes Diamond's total failure as a CEO but it also suggests your theory about 4 cents being more in line with the company's long term value as pure rubbish. The company's value has never been anywhere near this this low.
I will not say this illiquid disgrace cannot fall to 4 cents but I can say a new CEO is absolutely required asap. His salary alone now makes up a huge percentage of the company's value and he isn't worth a small fraction of it. He is now just an administrator waiting for things to happen and becoming increasingly redundant.
The market has now determined his value.
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Last
7.5¢ |
Change
-0.004(5.06%) |
Mkt cap ! $68.51M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.5¢ | $25.76K | 335.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 194515 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 12237 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 195347 | 0.075 |
1 | 69866 | 0.074 |
2 | 111973 | 0.073 |
2 | 63400 | 0.072 |
1 | 10000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 12142 | 2 |
0.079 | 411992 | 3 |
0.080 | 243231 | 2 |
0.081 | 100000 | 1 |
0.082 | 75174 | 2 |
Last trade - 11.44am 08/08/2024 (20 minute delay) ? |
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