BIO 6.67% 28.0¢ biome australia limited

I hold and was part of float , so I am under water as are many...

  1. 153 Posts.
    lightbulb Created with Sketch. 15
    I hold and was part of float , so I am under water as are many others . My choice not blaming anyone but hopefully my decision will bear fruit..

    I believe in the company and its future - it is in the right space and thus far has performed well and delivered on their forecasts but they would not be on ASX if it were not for investors money . I am certain that if the escrow over hang was controlled in some way ( the directors know full well who is holding this stock ) , especially the larger parcels ( nearly 48m just come out of escrow this week ) ,the share price will start to move north and back up to par , where is should be .

    Directors will always say they that they are not not bothered by the share price and to busy running the business than to worry about the price , maybe that's because most of them likely never paid a cent for their stock - they have a right to look after their investors and if they are aware of something that is negatively impacting on the share price , ultimately de valuing their company , then they should do everything they can to resolve the issue as quickly a possible . We have now been going for 6 months plus and share price has never exceeded 12 cents .

    I applaud the companies recent success , especially the Priceline deal but the uplift in share price and liquidity ,was short lived and obviously an opportunity for more dumpers of cheap stock, to get their money back . Unless this stops, it is going to take years of announcements to get this anywhere near the float share price of 20 cents.

    I hope company directors read these forums and take note of investor frustration - no point calling them , you can never get through to anyone and if you do you always get the same generic response not an action plan .

 
watchlist Created with Sketch. Add BIO (ASX) to my watchlist
(20min delay)
Last
28.0¢
Change
-0.020(6.67%)
Mkt cap ! $59.59M
Open High Low Value Volume
29.0¢ 31.5¢ 28.0¢ $165.2K 551.9K

Buyers (Bids)

No. Vol. Price($)
6 79547 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 13662 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
28.5¢
  Change
-0.020 ( 3.49 %)
Open High Low Volume
30.5¢ 31.5¢ 28.0¢ 323138
Last updated 15.52pm 03/05/2024 ?
BIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.