AVE 0.00% 0.4¢ avecho biotechnology limited

market captiulation

  1. 5,259 Posts.
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    It looks to me like the market is in the process of complete capitulation on POH.

    I was of the opinion that the damage could be controlled and that the underlying science would see the stock through after a short period of panic selling.

    We got through the panic selling OK, but what has come after is more of a general long-term disillusionment fed by a decade-long history of promises unfulfilled. With no real money in sight for probably at least another year, if then, and the appearance of no sense of urgency among management, and apparently no cash or will to defend the share price, the market is in the process of making a judgement, and it isn't a positive one.

    It looks to me like we could be looking at a sub 8 cent share price within days.
 
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