The ELF is the ultimate definition of catching a falling knife.
IMO there are holders who will feel obliged to participate purely because I feel financially ECT will be in dire straights if it fails.
ASX history tells us the majority of penny dreadfuls that reach 0.01/0.02 SP either consolidate or die.
And then you have the 1-in-100 whom climb out of the mire due to an Angelic investor or Act of God.
Place your bets.
Renounceable Rights election for ELF holders, page-13
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $69 | 29.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 27782887 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11868117 | 24 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ECT (ASX) Chart |