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.
Chart, page-11754
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $389.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.5¢ | 20.5¢ | $939.4K | 4.490M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 201415 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 667700 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 201415 | 0.210 |
32 | 1002438 | 0.205 |
78 | 1033093 | 0.200 |
20 | 733471 | 0.195 |
30 | 793355 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 667700 | 20 |
0.220 | 647103 | 18 |
0.225 | 205998 | 8 |
0.230 | 240750 | 16 |
0.235 | 671995 | 11 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
21.3¢ |
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Change
0.000 ( 1.05 %) |
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Open | High | Low | Volume | ||
21.0¢ | 21.5¢ | 21.0¢ | 2673397 | ||
Last updated 15.59pm 14/06/2024 ? |
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