0.7c is a market cap of about $14 million, and normally I try to look at that number instead and ignore share prices.
But at these levels the share prices matter because they are forcing huge buy-sell spreads. At some point surely, Intermoco has to consider a consolidation. At least 10 for one, but better maybe 40 for one or even 100 for one. Perhaps this could accompany the achievement of break-even or repayment of the convertible note. (Which are what I'm worrying about, rather than a fixed $6m target.)
I have a buy sitting in the 0.6c stack.
AHL Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Not Held