Tritium is dead.
It consolidated its shares 200:1 to keep its Nasdaq listing.
$1000 investment in Tritium at float is now worth 35c.........It is a horror show . a case of expanding too quickly in a non accomodating market.
Perhaps this could have been the fate of RFT had these measures to overhaul the leadership not been undertaken.
Tritium downfall is a serious blow to RFT as it is our largest customer & there is large amount of open order stock sitting in FRT warehouse that may not be honoured & may be scapped or sold to other parties at cost or even loss.
I think the 50% drop in RFT value is attributed to these unfavourable market dynamics rather than the board spill.
Perhaps the Wang gang are not the bad guys after all.
Wang Gand - Pudu, page-62
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.674M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $10.49K | 1.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 7501412 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 364050 | 5 |
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| Last trade - 15.17pm 21/06/2024 (20 minute delay) ? |
| RFT (ASX) Chart |