CNN 6.25% 15.0¢ cardia bioplastics limited

foghorne, I've had my thinking head on for years with CNN. Other...

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  1. 31,884 Posts.
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    foghorne, I've had my thinking head on for years with CNN. Other than very brief encounters with .5c, CNN has traded between .2c and .4c for TWO YEARS. There is no doubt in my mind that with the progress they have made over the last two years their marketcap would be a lot healthier if their share price wasn't stuck in such a range. It simply dissuades prospective investors. And it will remain so now until they show profitability. We had to have a very dilutive placement at .3c because of this share price rut. It was simply too cheap for what they have achieved. Don't get me wrong I like this company a lot and have a modest investment (I am not a trader in this), but I am not going to invest more and be stuck with my holdings in case of bad news or market correction. They need to consider a consolidation so that the investor market can feel more comfortable investing which will in turn create more exposure.
 
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