haha.
You're acting as if BRN's slide has only started since Evergrande stopped paying it's bills.
BRN's weakness come down to a complete lack of (material) runs on the board in terms of revenue and customers and (so far) a completely unproven product.
Maybe Akida will end up selling, maybe it won't. There's significant risk for investors.
The reason shorters are having a field day is down to the number of BRN holders who are 'cult'ish' with their holdings and have the mistaken belief that a company with essentially no revenue has been de-risked.
The pain is unlikely to end anytime soon. There's limited chance of a turn around given announcements won't happen until October at the earliest due to P VDM's share sale.
The other question is whether P VDM is even done selling yet. If he drops anymore into the market, it's only going to add to the weakness.
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
17.0¢ | 18.5¢ | 16.5¢ | $1.123M | 6.408M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 38000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 775285 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38000 | 0.180 |
20 | 1159723 | 0.175 |
31 | 959035 | 0.170 |
40 | 851584 | 0.165 |
56 | 1373392 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 775285 | 12 |
0.190 | 1066179 | 23 |
0.195 | 886526 | 13 |
0.200 | 825383 | 31 |
0.205 | 831497 | 14 |
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