d-ricardo. i agree with your comments about asset sales most of the time, but in this downturn i beleive cash is king at the moment and a sale to reduce debt will be treated well.
the most recent sale of fintronics bringing in $14.7 odd million caused cus share price to jump from about 8.8c to 14.5c., in a better financial world then.
so while it may be priced in, when it happens, when the company gets stronger financially and safer i beleive it will help the s/p. [announcements mostly seem to alter share prices],
i am hoping anyway.
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d-ricardo. i agree with your comments about asset sales most of...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 503907 | 1.7¢ |
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Price($) | Vol. | No. |
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5 | 388207 | 0.016 |
6 | 252000 | 0.015 |
1 | 300000 | 0.014 |
2 | 205995 | 0.013 |
Price($) | Vol. | No. |
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0.019 | 296275 | 1 |
0.020 | 100000 | 1 |
0.022 | 98719 | 1 |
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0.024 | 41275 | 1 |
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