They'll be looking for a buyout. They obviously believe fair value is greater than this if they are buying all the way down and continue to buy. They believe in their product and can see value in the future, its just time. Im sure they are working hard behind the scenes.
Based on the chart nearly everyone on this register albeit maybe 1-2 million worth are in the red here so anyone selling is selling out for a loss hence the low volume.
The other thing is there is barely any volume so buyers buying this are holding LT. Of course there will be selling once we get to 30 cents again, but above that is honestly blue skies. Patience now, but I honestly thought with FDA approval we'd be above it. I think a sales contract will do the trick, lets see what they have in store leading up to this raise
CEO and Board Replacement, page-23
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $41.72M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $8.255K | 59.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 82091 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 71922 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| UBI (ASX) Chart |