I tend to agree with Hawk. The company will start trading on the 1st of April, not before that and the SP is certainly going down even further. The MC of the company will be much lower than it is now. Probably a few million dollars and falling.
I am hundred percent sure there is very little cash left to run the business.
All the money has been used to pay salaries and other costs. Remember revenue was low before the CVirus and over the last 1 month, it is almost at a stand still.
That is when the potential buyer will step in and offer 15 million Australian Dollars for the company. When you are faced with insolvency and zero recovery or 15 cents per share, you will chose 15 cents per share. Beggars cannot be chooses.
The buyer/s in my opinion are insiders with key or major investments in Cellmid, other board/senior members and few major investors. A management take over or at least partially. By doing so, they are not going to be under the water. In fact they will
be well over the water.
The board has never given a shit to ordinary shareholders. Look at what is happening now. They will continue not giving a shit to us.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.690M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $4.704K | 588K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 697002 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 340000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 697002 | 0.008 |
3 | 1953225 | 0.007 |
4 | 1006527 | 0.006 |
1 | 300000 | 0.005 |
2 | 525000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 340000 | 1 |
0.010 | 100000 | 1 |
0.011 | 100000 | 1 |
0.012 | 300000 | 2 |
0.013 | 750000 | 1 |
Last trade - 15.07pm 03/07/2024 (20 minute delay) ? |
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