Deat Dorothy Dix,
That is exactly what I'm saying. These guys have too much skin in the game to let the ship sink....at least I can't see how they can float off the value in the IP completely and they obviously already control a sizeable chunk of the share capital. Surely their own personal financial strategy will require a reversal in the SP at some stage, presumably after they have acquired even more of the share capital at bargain basement prices.
This has always been a speculative investment and you (I) need to be prepared for the possibility of the company running out of funds and crashing on the rocks....but right now I can't see why the SP is slipping back towards the 7 cent issue price when we all believe the current market cap doesn't represent the adequately the value of the IP and its potential.
What would this company be worth if we had a few more managers and a few less entrepreneurs i.e. we had some people with an eye on making an actual profit as well as the the big schemes for the future?
As always DYOR
Regards
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $49.30K | 9.656M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2234999 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 5372603 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60206 | 0.024 |
1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 153799 | 6 |
0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
0.046 | 100000 | 1 |
0.047 | 1160000 | 3 |
Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
MEM (ASX) Chart |