Will not drift to that price immediately as you need to be the holder at a certain date (I think 18th March) I decided not to hold and bailed out as the management and board of this company are horrendous. Unfortunately I participated in teh last CR and then after a few matters occurred realised how terrible they were (it started with the MOU's and a few other matters). Then the line in the sand was that terrible bridging loan.
I am lodging a complaint with ASIC in regards to teh loan as I reckon there is more behind it. Literally paying like 60 - 70 % interest... take a look at the details and all the costs associated with it.
Also then take a look at the holdings of management in teh company.. most of them have barely any shares other than performance rights. I think only 1 has a decent holding.
Here is my summary of managment on another platform
Ann: Update - Consolidation/Split - OSX, page-12
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Last
5.6¢ |
Change
-0.005(8.20%) |
Mkt cap ! $6.362M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.1¢ | 5.6¢ | $113.5K | 1.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 153570 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
5.7¢ |
Change
-0.005 ( 6.56 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.1¢ | 5.7¢ | 135361 | ||
| Last updated 15.58pm 30/05/2024 ? | |||||
| OSX (ASX) Chart |