They don't go to zero because they have cash and go into 'care and maintenance' mode. It's never in a board's interest to delist as it means no future salaries. There are at least 100 such zombie companies on the ASX today! I believe they are called 'shells'.It's just market cycles and the way the markets works.
But hey...what would I know? Listen to the spruikers that said 'keep buying' all the way down.
They don't go to zero because they have cash and go into 'care...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $19.32K | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 31134484 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 10443280 | 19 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |
