RAP has made it compared to MNQ . Plenty of company have a good asset or product and it never takes off. Many gold, iron ore , lithium and graphite companies have the goods but does not mean they will ever get mined or off the ground, yet shareholders that hold stock with a similar product or material, expects it to run to the moon because they feel they are undervalued, compared to their peers.
There would still be plenty who are holding in the 2 and 3 cent range and would need 100% plus to break even .
Brokers will all ready know what MNQ is doing and they don't need a road show to have announcements rehashed.
The lack of buyers and falling share price tells you there is no interest currently. Indicators also back that up.
Each week holders on this forum keep telling everyone how good this stock is and how it wont take much to head north and each week, the share price falls further and the buyers can pick their entry point.
If you look at the indicators, you will realise it is not going anywhere in short term . They need to do a cap raising for the 3 million and at the current share price if the company announces a cap raising, it will be done at a premium discount from here and that will make it even harder for long term holders to break even, along with missed opportunities in having their capital tied up here.
In the current form, MNQ has nothing in concrete and that is how the market is valuing it.
MNQ Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held