Selling the business at this time and at this share price - even with a fat premium on today's share price - would be a terrible outcome!
It would be an admission of a business in deep trouble with bleak prospects. I hope it doesn't come to that, but I guess anything is possible.
I don't see how this information being in the press really helps anybody though. The only people that would stand to achieve a good outcome from a quick sale would be shareholders that have entered at the current low prices. With such low volumes traded, I would venture that there wouldn't be that many of them out there.
If planting a story in the press to prop up the share price was part of a strategy, then it seems to have failed based on the current share price as of writing.
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Last
6.4¢ |
Change
0.001(1.59%) |
Mkt cap ! $51.20M |
Open | High | Low | Value | Volume |
6.3¢ | 6.4¢ | 6.0¢ | $333.6K | 5.377M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3983 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 125200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3983 | 0.062 |
1 | 49916 | 0.061 |
5 | 177324 | 0.060 |
1 | 600000 | 0.059 |
1 | 10000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 125200 | 1 |
0.068 | 100000 | 1 |
0.070 | 67681 | 3 |
0.072 | 156387 | 1 |
0.074 | 75000 | 1 |
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