That’s exactly my point at first the share price would be higher but then would be sold down back to 1c and then it would be reflective of a more true market cap but obviously directors want the market cap to be higher as I am sure there are many loan covenant’s that would be triggered should it drop that low.
That’s exactly my point at first the share price would be higher...
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $3.664K | 345.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4458789 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1790962 | 7 |
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| SPX (ASX) Chart |