MEM 0.00% 0.5¢ memphasys limited.

Ann: Loan from Crescendas Projects and PrIME legal dispute update, page-18

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 413 Posts.
    lightbulb Created with Sketch. 1
    I think someone is playing with this stock....the big sell order is gone this morning and a quick drop back of the 2 pip gain yesterday occured on small parcel trade.
    Not sure what's going on.  It would almost appear that someone wants to cap the price?
    I think the 8 mill at 5 cents may have been a signal to anyone who is interested that a substantial stake could possibly be bought at market for a relatively modest sum.....in other words an invitation to treat?
    If we got back to 2 cents that would roughly equate to the long term market price (before the dilution debacle) of around 4 cents that had existed for quite a while.  I'm guessing fair value once the arbitration is done and dusted should be more like 3.5 cents....but 5 cents isn't out of the question.  My biggest concern is further dilution that may be necessary if further capital is required after a settlement or arbitrated decision.
    GLTA
    Kind regards,
 
watchlist Created with Sketch. Add MEM (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $13.00M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $25.15K 5.030M

Buyers (Bids)

No. Vol. Price($)
15 18776263 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 10551662 4
View Market Depth
Last trade - 10.32am 08/11/2024 (20 minute delay) ?
MEM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.