You can pick any company in the ASX or around the world.... especially speculative small companies...
When members of a board with high profile start leaving the company without a more in depth explanation, followed by sell offs, its not uncommon for people to start looking very closely at what the management is about and how they behave.
You just can't fool the MARKET... I'm sorry... you just can't......
The SP has nothing to do with traders or shareholders really..... it has to do with the reflection of how the management is managing their affairs....
I hope this has been a good learning curve to them.... with no more 2 lines company updates, no more amends on company updates to clarify the contents that should be already clear, timing of sensitive announcements and company updates, and so on.....
When a company looks after the shareholders, the larger pool of money coming from sophisticated investors, traders, instos, etc will flow in showing confidence....
It's simple.... a kid would understand it....
cheers
T10
XPE Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
