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37.0¢ biome australia limited

I agree there are better stocks in terms of expected gains. Had...

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JRPC

1,081 Posts.

146

16/01/22

12:23

Post #: 58896637
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Originally posted by WarrenB123: ↑

I have been involved in too many IPO's to remember over the last thirty years plus and very few recover quickly after such a dismal listing. I sold because I would rather deploy my funds into something which has better prospects.

Of the few that have recovered management arrested the decline by aggressively getting on the phone ringing the seed sellers to ascertain their intentions, kept the top 20 updated and most importantly tried to find buyers to cross the selling lines up with.

None of this has occurred to my knowledge and I personally know a number of larger holders. If management want to play the "we dont care about the share price" card or as the peanut of a chairman said "it is what it is" then stay private and dont go to the public for funding.

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I agree there are better stocks in terms of expected gains. Had to get out based on principle. Good luck to the remaining also question management why was it oversubscribed and not a way for the seed holders/suppliers to exit without destroying SP.

BIO Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 37.0¢		Change 0.010(2.78%)		Mkt cap ! $78.74M

Open	High	Low	Value	Volume
38.0¢	38.0¢	36.5¢	$212.1K	567.2K

Buyers (Bids)

No.	Vol.	Price($)
1	1612	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	19642	1

View Market Depth

No.	Vol.	Price($)
1	1612	0.370
3	68468	0.365
6	108506	0.360
4	57610	0.355
6	78008	0.350

Price($)	Vol.	No.
0.375	19642	1
0.380	58036	2
0.385	5000	1
0.390	65087	2
0.395	124663	3

Last trade - 16.10pm 14/06/2024 (20 minute delay)


Last 37.0¢			Change 0.010 ( 0.57 %)
Open	High		Low	Volume
38.0¢	38.0¢		36.5¢	165056
Last updated 15.55pm 14/06/2024 ?

BIO (ASX) Chart