some thoughts on why although considering recent history being cautious is called for, but not for this CR:
1. this placement is not to a single investor but to various institutional and sophs - its not upto one or two to decline the offer.. all have to decline.. very unlikely.
2. the company was happy to do a 15% CR - but the overwhelming demand led to them having to increase the offering - this in itself speaks about the interest out there for our stock.
3. its not easy to dump this stock at a profit - the buy/sell depth will tell you if someone wanted to get rid of a couple million shares, they would have to take a loss.. not many shares traded compared to other companies with similar profiles... so the intent to make a quick buck doesnt really apply to this stock.. see AVB which had i think 60 million shares traded in a day.. if we did the same under selling pressure, we would sink back to 5cents??? .. thats my view based on the market depth.
4. this is a convenience CR, not a desparate one - and institutional interest clearly indicates the potential of the recent find... its a 20mill MC with nearology to a multi-billion find... its an obvious investment!
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0.8¢ |
Change
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Mkt cap ! $9.253M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $10.64K | 1.330M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1229479 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2456499 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1229479 | 0.008 |
6 | 3010000 | 0.007 |
1 | 250000 | 0.006 |
4 | 1024088 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2456499 | 6 |
0.010 | 1133334 | 1 |
0.011 | 600000 | 1 |
0.012 | 624360 | 3 |
0.013 | 122442 | 2 |
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