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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Mkt cap ! $54.40M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.8¢ | $4.08K | 59.10K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 59778 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.0¢ | 144374 | 3 |
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2 | 59778 | 0.068 |
2 | 1040700 | 0.066 |
1 | 78209 | 0.065 |
4 | 207976 | 0.063 |
1 | 75000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 144374 | 3 |
0.072 | 183887 | 2 |
0.073 | 50000 | 1 |
0.074 | 50000 | 1 |
0.075 | 91029 | 2 |
Last trade - 13.31pm 17/06/2024 (20 minute delay) ? |
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