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31.5¢ biome australia limited

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

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JRPC

1,078 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 31.5¢		Change 0.025(8.62%)		Mkt cap ! $67.04M

Open	High	Low	Value	Volume
32.5¢	32.5¢	31.0¢	$15.70K	48.58K

Buyers (Bids)

No.	Vol.	Price($)
3	28587	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	361	1

View Market Depth

No.	Vol.	Price($)
1	17246	0.305
3	28587	0.290
1	50000	0.285
7	115454	0.280
2	350080	0.275

Price($)	Vol.	No.
0.320	2213	1
0.325	6625	2
0.330	12500	1
0.340	81666	2
0.350	92653	3

Last trade - 10.44am 09/05/2024 (20 minute delay)


Last 30.5¢			Change 0.025 ( 1.67 %)
Open	High		Low	Volume
32.0¢	32.0¢		30.5¢	14090
Last updated 15.15pm 09/05/2024 ?

BIO (ASX) Chart