Posters like @thegoodoil21 and @Bigmouthfrog have been preaching that line for 12 months as the price goes lower and lower. The VRC story changed considerably for the worse last week and there is no cash in the bank. It's not courageous to buy the stock in those circumstances it's just gambling and the odds are now heavily against you.
IMO Volt is now worth less than $10 million or one cent per share based based on its closest peer WKT. And that's without factoring in the dilution from a CR or convertible note.
Ann: Response to ASX 5B query, page-37
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $16.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $33.89K | 8.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 27377832 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3375151 | 9 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| VRC (ASX) Chart |