Kunsleep. It is my humble opinion that why CM8's S.P. is still at these levels is that "the market" needs to see all of those numbers that we have seen in presentations and announcements be actually DELIVERED in formal, official, audited company reports. The "proof".
The vast majority of the numbers that are presently on the record are either pro=forma, un-audited or in presentations. The vast majority of readers of this forum and quite a substantial number of others believe that those numbers can be delivered and have bought in. BUT, I venture to say, by watching the numbers involved in trades, the vast majority of current buyers are relatively small and not what is required to create a re-rating of the company and the impact on the S.P. that that would deliver. CM8 need the larger institution buyers to do that and those large institution buyers are happy to wait to see "the proof" before they commit their clients' funds into what, to many, is still a relatively new company with some "fundamental issues" that need tidying up.
I also said WHEN and put it in capitals, because I have every confidence that they will be delivered, but, not expecting that until formal financial statements are presented.
Meanwhile, I'm very happy to be able to still accumulate at these levels and am in no hurry to see any spike in the S.P., but, won't complain WHEN that happens.
You might have noted that that massive 500 point drop in the Dow on opening on Tuesday morning U.S. time, has virtually been retraced!! That's what that 70% automated trading does to markets. All programmed on the same parameters and all hit simultaneously. Then the humans come in and clean up the mess!! A casino. Don't take "markets" too seriously when considering your position in CM8, it will be appropriately judged WHEN those official numbers start coming in and be sustained.
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Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $24.55M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.0¢ | $156.3K | 7.454M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 356151 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 356151 | 0.020 |
9 | 1407159 | 0.019 |
8 | 1299321 | 0.018 |
8 | 2115980 | 0.017 |
8 | 2305000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 200000 | 1 |
0.022 | 490000 | 4 |
0.023 | 300000 | 1 |
0.024 | 606883 | 3 |
0.025 | 400000 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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