I for one am not upset that the company is raising money and am very happy there aren't attached options. I think Steven is doing a great job maybe with a little too many presentations with no added value. And i am very optimistic on the company.
The value especially at this end of the market (no revenue) is based on risk and also across the market as a whole. It doesn't nessesarily mean the market is wrong when the share price moves but that the risk profile has changed. I would 100 times rather trust the market over a bunch of people on HC who could have alternative motives and are very invested in peaching a certain story. A free market is generally the best way anyone has of pricing something.
Also surely your kidding about the shorts....$130k worth... that's nothing lol. Especially when they could be shorted against an option position, meaning the shorters won't profit as the stock sells off.
I for one am not upset that the company is raising money and am...
Add PTX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $31.40M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.9¢ | $72.73K | 1.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 436541 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 560576 | 1 |
View Market Depth
| Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
| PTX (ASX) Chart |