Great assessment of the current position Bellcurve and yes you are correct YStrategy, share price stagnation is a result of original vendors holding too much stock resulting in poor liquidity.
This entity has only just hit my radar as it was presented as a "trading shell".
Directors have been enjoying an 8.5% return on their loan, whilst maintaining sufficient cash in the bank earning 0.01% to ensure they get repaid.
Concern has obviously risen as they have decided to repay the loan. 500k by 30 November and then the balance of $1m in 48 instalments. Ironically it doesn't say whether they are daily, weekly or monthly instalments. Doubt it will be over 4 years.
Director's fees are 608k with a further 370k for KMPs. Not a bad gig if you can get it without performing.
With Net Tangible Assets of about $1m and ongoing losses, be grateful the market cap is still at $4m.
Lack of liquidity has helped keep the share price from collapsing even further.
I agree Bellcurve, best to turn it back Private, but may as well wait until you can get it for nothing.
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $133.1M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 26.5¢ | $201.6K | 753.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4200 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 33022 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 0.054 |
2 | 205091 | 0.052 |
1 | 20000 | 0.050 |
1 | 27888 | 0.026 |
1 | 175000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 249031 | 2 |
0.068 | 76726 | 1 |
0.070 | 154236 | 1 |
0.079 | 100000 | 1 |
0.080 | 68000 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
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