Nice idea in theory. Trouble is, I've already done that to get my average price down to 40 cents, and I can't afford to borrow much more to bring it down to 30 cents (let alone 20!) There's also the risk of the stock falling further - I can't see how such a fall could reasonably be justified at this stage, but the risk has to be acknowledged and recognised.
As for the dilution, well, some dilution is inevitable; it's the nature of the beast in this game. I've already said my piece on this, several times, so I'll shut up now.
peak presenting in sydney, page-13
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $49.28M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $16.42K | 90.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 101569 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 34939 | 1 |
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| Last trade - 15.45pm 12/07/2024 (20 minute delay) ? |
| PEK (ASX) Chart |