Only two big dumps happened from the chart I'm looking at. The first was on day one, the second was last Friday. Look at the volume in between those two dates, it's tiny!!
IMO the drop in SP occurred due to scared money/weak hands selling. From what I can tell, there are no significant dumps from 29 cents to 4 cents.
It's important to watch the volume as the SP moves up & down. There are around 140 million SOI, so if the SP falls hard like on 17/02/22 from 13 cents down to 11 cents on volume of 75,000, it's not a big deal, IMO.
IMO, believe it or not, this is not a bad looking chart. Low SOI with no massive dumps along the way & a company that's producing US$1.3 million in revenue & US$1 million in gross profits. I believe the chart below will look a lot better over the months/years to come. Time will tell.
The 100 million shares coming out of escrow might have also pushed the SP down.
WAY 2 VAT LTD. (ASX:W2V) - Ann: Notice under ASX Listing Rule 3.10A, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Add to My Watchlist
What is My Watchlist?
