"just open market buy and sell setting the 14 million market cap" No!
(1) short term traders hoping to buy at 0.4c and sell at 0.5c making 25% return. If get down to 0.1c that is even better, 0.2c (next increment up) is 50% return of 0.1c.
(2) If you issue enough shares, than market cap could be anything. eg 20 trillion shares on issue X $0.001 (lowest possible price allow on ASX) = $20 BILLION dollar company (bigger than FMG) & include in ASX top 50 force index fund to buy shares. So start printing shares LOL.
Once get down below 0.5c, people no longer look at market cap but hoping to get lucky and only look at sp IMHO.
Just IMHO, do your own research
PDY Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
