Was that a thin and crispy or thick crust BobF? Dimension matters here.
There is a reason to consolidate here. In the eyes of US investors this is a worthless penny stock.
A NASDAQ listing requires a share price to be at least a $1
The minimum bid price requirement stems from Section 5550(a)(2) of the Nasdaq's Equity Rules guide. It clearly states: "(a) Continued Listing Requirements for Primary Equity Securities: (2) Minimum bid price of at least $1 per share."
This and other rules are also why we have a number of tech stocks on the ASX instead of there.
However, this has also conditioned companies the world over to equate the price with worthiness and there are a number of conditions or hoops to shore up your balance sheet and get the stock negotiation worthy with partners or potential owners.
This is great news. We are setting up to play big.
As to the math issues that some have in regards to their expected stock price. Suggest perhaps the share price might surprise post consolidation and we will be playing with the kind of partners for which acquiring WBT at a substantial premium would be something they do all the time and that its chump change for them to do.
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Last
$3.19 |
Change
-0.100(3.04%) |
Mkt cap ! $353.2M |
Open | High | Low | Value | Volume |
$3.31 | $3.45 | $3.18 | $4.002M | 1.207M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19867 | $3.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.20 | 4150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4676 | 1.920 |
2 | 7000 | 1.915 |
3 | 23879 | 1.910 |
3 | 4434 | 1.905 |
25 | 104490 | 1.900 |
Price($) | Vol. | No. |
---|---|---|
1.945 | 4000 | 1 |
1.950 | 2979 | 1 |
1.955 | 2979 | 1 |
1.960 | 2979 | 1 |
1.965 | 2979 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
WBT (ASX) Chart |