@vossy_3
Your post:
"Lets be honest.
DEG is a goner.
To raise another $1m at .002 will add another 500m share on issue. Imagine the wall at .002 when it reopens (if it does).
No good results, just promises that never eventuate.
It's a risky business trading penny stocks."
My response to your post:
"I am pretty sure thats not how it works. This is what will happen upon reinstatement:
Current Shares on issue: 2.88B
Market cap as off the last day before suspension: $11.55M (@0.004c)
Assuming they raise $1M @ 0.002- 500M new shares
Total shares on issue post CR: 3.38B
Share price on reinstatement= Current market cap/ no of shares
= $11.55/3.38B
= 0.0035 (SP at open)
I do not see any wall at 0.002 based on my calculations. Please correct me if I am wrong. Cheers"
THIS SHOWS HOW MISLEADING YOUR POST WAS. WHY ARE YOU EVEN HERE IF INVESTING IN PENNY STOCK IS SO RISKY ??
@vossy_3 Your post: "Lets be honest. DEG is a goner. To raise...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |