what you really need to watch for is dilution.
back when the stock was trading at 25c, FIJ now CCO had a market cap of about $25mill
Now at 0.005c the market cap is $5mill
Comparing apples with apples - for CCO to achieve its market cap highs of $25mill the share price would only need to reach 2.5c
Hypothetically, if CCO raise $2mill, the dilution then mean about1.5c per share will get back to that ‘high’ of $25mill.
Meanwhile, the CCO team and a CEO who invested about $5k of his own money continue to get paid a salary for another 6 months.
Until CCO can show free cashflow for at least two quarters, it’s debatable that an ‘investors’ hard earned money is best kept in a high interest bearing savings account
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.01M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $92.96K | 9.296M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 11331914 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 201755 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 11220803 | 0.009 |
10 | 4031914 | 0.008 |
9 | 4271427 | 0.007 |
6 | 1975466 | 0.006 |
1 | 90000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 201755 | 1 |
0.011 | 15786503 | 19 |
0.012 | 3680000 | 5 |
0.013 | 5501596 | 3 |
0.014 | 71500 | 1 |
Last trade - 15.54pm 27/09/2024 (20 minute delay) ? |
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CCO (ASX) Chart |