Around early afternoon Tuesday there was a pretty weak market for CM8 stock on the ASX.
According to CommSec platform, 27 holders were offering 1.53 million shares, completely overwhelming a paltry 8 bids for 173,300 shares.
You could in all practicality say there is very little in buying CM8 shares.
Very little market interest.
I wonder why the board and executives have brought us to this point.
Of very little market interest in the company.
This dire situation sheets home to those with the responsibility to generate interest in the company - it’s
controllers -board and management.
That there has been no material developments to report to the ASX in almost four months speaks volumes - sadly.
Really?
Perhaps this is the real cost of the substantial capex required to start the thrilling digital influencer operation - which is used to flog unknown stuff by people you’ve never heard of into a fickle retail space. An opportunity cost that in actuality generates very little market interest.
Like, who cares? Hardly anyone.
Board, I see genuinely no interest in CM8, or is the hiding to nothing in the SP merely a necessary precursor to a management buyout, for instance.
Please do something to earn your keep.
CM8 Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held