As you know it dropped again today from AUD7.7 cents down to AUD7.5 cents .... a drop of .002 cents.
The market cap for company is now approximately $17.3 mil against cash of $28 mil.
This drop in price meant a $462K drop in the market cap of the company.
The strangest part is that this change resulted from the sale of only 62 SHARES AT 7.5 CENTS ???? ( 62 X 7.5 = $5) ...
In other words someone bought 62 shares for $5 dollars and subsequently dropped the market price of the company by $462K. (231.2 mil shares x .002 cents = $462K)
food for thought ?
PeterRG
PSA Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
