Imagine this thing with 6 BILLION
shares on issue rose from half a cent to 7.9 cents in 2 days over the 14th to 16th December and the company does not know why....That is from a market cap of $30 Million to a whopping $474Million in two days
...of course the director sold why wouldnt you, and he sold low in the run..some at 1.6 cents???? duh not hard to see what is happening here and the crash that is about to come in the share price IMO
Now anyone buying this thing at these prices will face massive losses in my opinion over the next month...
How ASX allows this sort of thing to go on is beyond me...just shocking...imagine..from a $30Million market value to a $474 Million market value in two days..on nothing hahahahah
drifta
(20min delay)