I read a lot about the technicals here and its great, keep it up, but if we look away from the technicals for a moment and think on financial terms. Simply put, here is a company burning through approx a million a month with no incoming revenue and who had 11 in the bank 2 months ago.
Further, they have great partners but no customers. No matter how big this space is and how good partner companies are, intentions and group hugs dont pay the bills. Im not against buying at 0.45 or less, but be mindful that if a customer doesnt sign up and soon, CVT will be forced to Captial Raise and your stock will be worth 0.10c.
Again, this isnt to say dont buy or think long term. This is to say be mindful when a company enters space such as this. For the Noobs, something to keep in mind.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.69M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $3.803K | 325.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 926420 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4496716 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 826420 | 0.011 |
8 | 10487896 | 0.010 |
8 | 8282109 | 0.009 |
3 | 1525000 | 0.008 |
4 | 833706 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 4496716 | 4 |
0.013 | 4504700 | 4 |
0.014 | 2148982 | 4 |
0.015 | 1444179 | 4 |
0.016 | 500712 | 2 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
EXT (ASX) Chart |