You assume the price still would have gone down had Drake participated.
But SMN might NOT have dropped to the current price if Drake had supported the raise.
Ie there would be more money in the coffers and therefore more time to see how the restructuring rolls out including getting market-relevant sensor pricing organised ….and maybe there would even have been a sale then of the GoGo wifi kit - which would have most likely lifted prices for everyone .
It’s a bit of a shame the people here who are cheering Drake didn’t quietly set off some rumours back in March that less knowledgeable punters should NOT buy into that raise?
cheers
You assume the price still would have gone down had Drake...
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Last
58.5¢ |
Change
0.005(0.86%) |
Mkt cap ! $80.35M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 58.5¢ | 57.0¢ | $11.55K | 20.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3808 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 1608 | 1 |
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| SMN (ASX) Chart |