At this price point they could absorb up to 25 mil shares off the registry. So reduce dilution by about 3.2%. As they have to buy no higher than last 5 days VWAP I think they will provide more of a base as opposed to punching the price higher. I guess this means the bottom is in ( till the 25mil shares are absorbed anyway). I guess if anyone wants in they will have to buy a pip higher which I assume will push the 5 day VWAP up slowly, which in turn should see the sp climb slowly into the end of the year. A bit of news flow wouldn't go astray either. Anyway, I am happy with this plan. Managment with their. $500 k buy in at 3.2 would probably like to see the price at least back around these levels. Good call management. Just sit back and watch now.
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Last
24.5¢ |
Change
0.015(6.52%) |
Mkt cap ! $38.96M |
Open | High | Low | Value | Volume |
24.5¢ | 24.5¢ | 22.5¢ | $57.69K | 245.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 63405 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 49999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 91898 | 0.155 |
5 | 95167 | 0.150 |
3 | 103384 | 0.145 |
3 | 320000 | 0.140 |
3 | 49358 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 66000 | 1 |
0.170 | 20036 | 1 |
0.175 | 10000 | 1 |
0.180 | 38701 | 5 |
0.185 | 5555 | 2 |
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