To avoid getting moderated, I call it "just my opinion".
It is obvious that management and BP are working hand in hand aiming for one goal: Getting as many shares as possible in their hands to reach 90% plus. Then a buyer, BP in disguise, appears and bits for LPE, lets say from a last trade 2.5c they offer 5c. Sounds a lot of money but in reality just for 10% for the remaining shares. Next step, market becomes aware and suddenly the GWh under management will be valued correctly and BP / LPE directors sell their shares for 10c+ to whoever.
If you're by then still a holder, well done. But the most will have sold sub 2.5c out of frustration despite that the income justified 5c at least but due to manipulation ( as we've just seen today and last week ) the sp can't go up.
How else can other stocks like the cannabis ones reach a $ 200m MC just on expectations with a huge risk attached while the LPE cash cow gets fed dirt. That's why I am buying as many as I can, this LPE is going up to at least 10c - and I dare to say that is more than certain because the financial fundamentals justifiy it. And to make it really happen LPE will be flying in STEALTH mode to keep the sp low as long as possible
Management and BP had a clever idea and they will reap the rewards to start their next new innovative and disruptive venture, like Tesla's Musk. See the niche, be the first, maximise the value and then sell for a huge premium and do it over and over again. Clever.
GLTA
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $23.42M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.5¢ | $15.5K | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 272931 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 81644 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45374 | 0.125 |
3 | 478413 | 0.120 |
2 | 484782 | 0.115 |
4 | 693732 | 0.110 |
1 | 50000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 448144 | 6 |
0.135 | 450000 | 3 |
0.140 | 470000 | 3 |
0.150 | 8000 | 1 |
0.160 | 59490 | 2 |
Last trade - 10.37am 04/12/2024 (20 minute delay) ? |
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LPE (ASX) Chart |