There are a few issues when a company is at 0.001
- Everyone is on the sell side, and no one is on the buy side. I held a stock at this, and was in the queue to sell... but orders are only valid for 90 days on the platform i was on, so it would expire before i got a chance to sell
- No repercussion for their actions. The stock cant go lower, so they can do pretty much what they want.
- Raising money dilutes the stock VERY quickly. Lots of us in here got in at what 10-20c. sometimes at 5c...If its trading at 0.001, that means that they need to sell it to someone off-market at 0.0007 or so so that they can make money off it. dilutes the hell out of it very quickly. 1000 dollars at 0.0007... is 1.42M shares
- If shareholders refuse a consolidation, that's ok, they will just sell more off-market stock at 0.0007 until it passes eventually.
- you would need 4000 AUD to get into the top 20 shareholders at 0.0007
There are a few issues when a company is at 0.001- Everyone is...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 180000 | 3 |
View Market Depth
| Last trade - 10.50am 17/06/2024 (20 minute delay) ? |
| NRZ (ASX) Chart |
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