Yes that’s my understanding as well and it’s really interesting ( well not so much) how companies are accepted and how quickly they gain traction within new markets. The results are wildly different therefore it’s difficult to get a normal. Different sectors have seen different successes with tech stocks having the easiest entry.
Personally I don’t think 10:1 is enough, more like 20:1 and then you’re well set up for the long term. It’s exciting to think of a NASDAC listing but also one to be very wary of. Regardless of that I believe a consolidation is way overdue and needs to happen. NEU is a fantastic example of what can happen and how it’s regarded now on the market.
Cheers.
Why IMU is a multi multi bagger, page-23109
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Last
4.9¢ |
Change
0.001(2.08%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 5.0¢ | 4.8¢ | $617.1K | 12.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 2524545 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 67023 | 1 |
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| IMU (ASX) Chart |