'you’ve got to hand it to Peter for swapping salary for shares'
He is paid half of his salary in shares and he wants 10% discount. He won't pay the market price which is closer to zero at the moment. Apply 10% discount to the current share price and it makes a significant number of shares. I paid around 4c for my shares, many people paid more. If the share price goes down to 0.5c, he pays lower than 0.5c and gets almost twice as many. While the average holders gets diluted next to zero.
Of course, holders can buy more and try to recover the losses hoping that the company delivers. It would be the logic a gambler uses. It may pay off or you end up totally broke as you continue to average down.
- Forums
- ASX - By Stock
- MKG
- Thats it Gold is offically on the back burner
Thats it Gold is offically on the back burner, page-64
-
- There are more pages in this discussion • 27 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 MKG (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.879M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 937226 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 2934916 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 937226 | 0.009 |
21 | 4235658 | 0.008 |
10 | 3808500 | 0.007 |
3 | 899950 | 0.006 |
3 | 1000000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2934916 | 8 |
0.011 | 2593099 | 6 |
0.012 | 1316465 | 4 |
0.013 | 1873030 | 6 |
0.014 | 759909 | 7 |
Last trade - 10.11am 30/08/2024 (20 minute delay) ? |
Featured News
MKG (ASX) Chart |
Day chart unavailable