So when they burn the holders of the existing shares, they get the traders to think it is a ridiculous reduction in value, in this case, a 7500 times reduction in value . So the traders don't understand management they just trade, so they attract a whole lot of uneducated people who are only interested in trading and not in the history of value destruction. This is pure gambling.
Insolvent next move, page-51
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.264M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $29.94K | 4.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 8466338 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1732793 | 13 |
View Market Depth
| Last trade - 15.34pm 14/05/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.7¢ | 3150122 | ||
| Last updated 15.58pm 14/05/2024 ? | |||||
| CLZ (ASX) Chart |