So today, on my recommendation, as a shareholder in this company, an associate bought the first two trades, 85,000 odd thousand shares.
She is a person, whom is very reserved, and was nervous about buying Bio Tech stocks.
I explained to her, that I wouldn't recommend a stock that I didn't hold.
I also explained to her that the top 100 share holders in this company hold close enough to 65% of the stock and that shareholders in the top one hundred have been steadily increasing there holding, since the capital raising. She asked, but why? My answer, because these share holders have commonsense with the sticky fingers. I then went on to tell her that the other 35% of the shares held, is more likely speculators, whom will get to a point and sell, where as the big boys will hold. That really only leaves 56,000,000 shares that will be traded. Not a lot considering that there are 1.8 million on the market atm.
She has made the transaction and has rung and thanked me.
This has all the making of a significant movement in the share price when the next announcement comes through.
If only more investors could only "get it" at these "ridiculously low" prices now, then they would be smiling all the way to the bank.
As always,
Best
MM
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $94.89M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 19.0¢ | $58.40K | 305.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 115000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 86074 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.190 |
8 | 156232 | 0.185 |
10 | 635662 | 0.180 |
10 | 482365 | 0.175 |
8 | 151233 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 86074 | 3 |
0.200 | 256824 | 3 |
0.205 | 113150 | 5 |
0.210 | 333355 | 8 |
0.215 | 266995 | 7 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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