The speculative party going on over the last few years for micro caps has finished.
The days of loose cash being thrown at spec stocks is now drawing to a close. Trading volume is drying up.
Which means chips are being taken of the micro cap table.
The next move is fear as many rush for the door or many cant because there is no volume. Trapped.
The reality check has arrived.
eg WA had its day in the sun with the mining boom and like all good things they come to an end. It did and then the pain.
eg VIC and NSW have had the housing boom and now it is coming to an end and all things associated. People taking out loans for housing which were paying off the interest only and now are beginning to realize the financial burden they have taken on.
Throwing credit money at spec stocks with unknown outcomes is now a thing of the past years. Its finished
Those small cap companies that have a sound business model and produce the numbers will survive
..as for the cowboy operators in the micro cap field, they will now pack their backs and leave town......the bar room bull.... has drawn to a close.
OBJ ..the future, I guess now its about numbers, the hype of 6 years ago is gone along with the opportunistic investor.
OBJ is not alone.
imo
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