A takeover would be devastating now… surely 80mil will see them through to being cashflow positive from quarter to quarter… my average is 19cents, thankfully I don’t have many, I would buy more 13.5cents
However my concern now is that management has completely lost trust with retailers… why would they put out a very Rosie update just before a CR… management & sophisticated investors new this was coming, and insiders (sophisticated) sold into these Rosie updates to buy in at a cheaper price… and management empowered them to do so…
I would expect RED to be under 15cents for an extended period of time… that’s a lot of shares to churn through… as they move from quick buck weak hands to the stronger retail hands that are willing to wait out this uncertain time for RED 5
Ann: Trading Halt, page-35
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.3¢ |
Change
0.008(2.17%) |
Mkt cap ! $2.397B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $3.811M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30251 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 236835 | 4 |
View Market Depth
| Last trade - 15.59pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |