I understand what you are saying and the numbers are true.
I disagree with the conclusion though. The last 4C was actually profitable. If this trend is kept over the next 12 months then you will see the accumulated loss going down.
There are reasons why this stock is cheap, and we are well aware of it. The goal here is for investors who believe in the business model is to get it while it is not profitable and sell it when it is.
It is very risky, I agree with that, but if successful it can be a very profitable strategy!
well pluck my feathers, page-109
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $6.215M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $41.18K | 3.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4651921 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 468000 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WHK (ASX) Chart |