The reason Net is getting smashed is because of all those unlisted options getting exercised and then getting dumped.
Correct me if I'm wrong but I believe there is another 40 milllion options which expire in July with an exercise price of 1 cent!!!. Hell i would convert my options into shares at 1 cent and at current prices still be making over 500%!!
Until all this stock get dumped onto the market as it currently the case with those options that expired in January at 4.5 cents there seems only way the share price go in the short term.
Glta
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Mkt cap ! $11.63M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| NET (ASX) Chart |
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