It can't go up!!! at least not in the next few months ( until June 22) as long as the former CEO has to sell 17M shares until June in purpose to finance his 17M warrants at AUD 0.2.
He is going to put some pressure on the SP until then. It looks like he's selling everyday some shares.
But the positive side of that is that the company will get some cash as it doesn't have any revenues for more than a year.
Also Q1 22 will end with zero income.
Shame the company can't translate any "design win" to sells!!!
ELS Chart, page-63
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Last
48.0¢ |
Change
0.025(5.49%) |
Mkt cap ! $72.61M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 49.5¢ | 46.0¢ | $40.33K | 84.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50000 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 88773 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ELS (ASX) Chart |