Its not rocket science to figure out that our high P/E ratio makes us an easy target for shorts. But it's also not rocket science to figure out that we havent got any earnings yet.
It all changes when we have a revenue stream, hence why the big boys on here arent too bothered by the shorts (or the high P/E) As we say all along the instos are really just making a mockery of the retail investors.
If we start earning, costs are high, then the P/E remains high, then we might want to start re-assessing the future. I personnally think we will all find that wont happen.
In my opinion.
I'm off to Kraken land. Hope everybody is having a good weekend.
IS IT CORRECT?, page-11
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $286.5K | 10.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 7497011 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 5105482 | 13 |
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| SYA (ASX) Chart |