I am very impressed when reviewing the Top 20 listing released yesterday. As I have written in my earlier post on 16 August, this gives me a lot of confidence in this company, because according to my calculations (see below) the 3 directors of this company own around 78.7 million shares or 20% of issued shares, and yet we have not seen any appendix 3Ys regarding sale of shares by directors.
This is important, because it means that the directors themselves have a huge interest in the company's share price, because their salaries are only $30k each per annum:
Added to this is the share price has been sitting under 1c for over a year now with average trading volumes around 100k per day over that period. The recent share price increase to 2.9c would have been a perfect opportunity to make some money for the directors, especially, if what some are saying, they will run out of cash soon.
The only reason they would not do such a thing, is that they must believe this company has much greater potential than its current market price of 2c per share and $7 million market cap.
Just my opinion. I bought into this company last week, because I believe this company has an excellent chance of providing great returns to investors, based on my research.
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.51M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $4.518K | 138.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 187129 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 273490 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 187129 | 0.032 |
1 | 200940 | 0.031 |
2 | 899009 | 0.030 |
1 | 251000 | 0.029 |
1 | 100000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 273490 | 2 |
0.034 | 749542 | 6 |
0.035 | 777723 | 4 |
0.037 | 500070 | 2 |
0.038 | 183510 | 3 |
Last trade - 14.29pm 05/07/2024 (20 minute delay) ? |
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