What i think happened was this cr was planned a lot earlier which explains why the major holders didn't buy in when things got cheap.
The sophisticated and international investors also probably knew.
It's even possible price was manipulated down to 16 cents to make the CR look good.
Even Blind Freddie, knew that 20c was incredibly undervalued.
Metgasgo even put out a promo on how much they were worth when compared to sale of esg, bow and etc.
In their presentation 31.8.12 Metgasco stated they were expecting a decision on their permits soon and expected approval.
So why would competent people start arranging for a capital raising before that approval while sp price is artificially suppressed?!!
Every time the sp has a rocket under it, management find a way to kill it.
Mel was 21 cents in 2005, $1.00 in 2007 $.60 cents not long ago and here we are again 22 cents.
I hope those 2005 investors are as patient as you KingC
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $500 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 13664897 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3626406 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 13664897 | 0.004 |
8 | 15262019 | 0.003 |
4 | 16775000 | 0.002 |
4 | 47300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3626406 | 5 |
0.006 | 4039880 | 6 |
0.007 | 2663797 | 4 |
0.009 | 615051 | 2 |
0.010 | 1000000 | 1 |
Last trade - 10.04am 25/07/2024 (20 minute delay) ? |
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