"At that point $5+ won't look so ridiculous, right now it does a little."
Agree - the point really is that a bid target only looks silly if an SP is way below it.
If we were already say 4 bucks - then, 6 bucks wouldn't look very silly at all.
But, that is the point - there is a massive gap between value and price - many people get the two confused.
Price is what you pay - value is what you get.
Anyone running a ruler over a company to buy - comes up with a figure -------- that figure is value.
From there - they play with another figure ---------- price.
Pretty much all of us here talk and think inside 'price' -
Unless the 'price' is way above the 'value' figure for an interested party - in pretty well any negotiation - then, a deal is potentially on the cards.
Have a great arvo
Pinto
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Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 637619 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 706022 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 572619 | 0.008 |
4 | 3349012 | 0.007 |
5 | 1009881 | 0.006 |
1 | 300000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 706022 | 4 |
0.011 | 1400000 | 3 |
0.012 | 166666 | 1 |
0.013 | 669958 | 2 |
0.014 | 134311 | 1 |
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