Fadi,
You may know that SMA had a $1.8 million dollar placement to sophisticated (short term gain investors) at 1 cent, these type of investors are not loyal to the company or any company, they are vultures, though a necessary evil to allow the company to raise some much needed funds.
Even though as you stated the revenues are are increasing.These investors are srambling to get out of the room, and onto the next opportunity, so for the time being the price has been artificially suppressed, until they are all out of the register. If you look at the daily share sales over the last 2 months since the raising, you will find that close to 180 million shares have been transacted
SMA is making the right noises, their technologies are being accepted in more and more places in china, and believe with that base will take the products/billing platforms to other countries over time.Now as I believe is not the time to be out of SMA.
Cheers
- Forums
- ASX - By Stock
- ODA
- SMA is either going to erupt or De-construct
SMA is either going to erupt or De-construct, page-3
-
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ODA (ASX) to my watchlist
|
|||||
Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $27.06M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 15.0¢ | $1.187K | 7.488K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60282 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 22198 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60282 | 0.150 |
1 | 347 | 0.145 |
1 | 2000 | 0.130 |
1 | 37000 | 0.125 |
1 | 8000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 22198 | 1 |
0.205 | 9447 | 1 |
0.210 | 50000 | 1 |
0.220 | 16153 | 1 |
0.225 | 2300 | 1 |
Last trade - 14.31pm 02/08/2024 (20 minute delay) ? |
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
ODA (ASX) Chart |