I guess I am not the only one since this stock lost nearly 80% of its value since January when it reached 4.7c. The recent dip in price (from around 2 cents to 1 cent in just 2 months) is caused by financials - the company is running out of cash (although will be in positive after June for sure) and there are no announcements regarding capital raise - hence the big dive. I am 100% sure there is one to be released very soon as these guys sound like people who know what they are doing.
Despite that, I see a long term opportunity here since subscription model which CCP uses becomes more and more popular in technology world. I do not hold shares for a few weeks or months but I am happy to stick to them for a few years which has always been the plan with this one. However, if they want investors, they have to attract them with something. Many go for dividends and these will not appear until the company has started making profit and with the current growth rate it will take time before its profit is in green.
BTW I am also holding BHP which I bought back in 2016 for $21.35 and still holding onto it as it has more room to go.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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31 | 23495490 | 0.1¢ |
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Price($) | Vol. | No. |
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4 | 660631 | 0.007 |
2 | 1091666 | 0.006 |
2 | 1266959 | 0.005 |
1 | 150000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 47144 | 1 |
0.010 | 1000000 | 1 |
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