Agreed, the ASX should reverse the trades at 40. Even at 10 cents it is nearly 50% over valued. Buyers should check out the last stated NTA. At the end of May NTA of 70 cents fully diluted. One presumes most option holders would have exercised (stupid if they didnt). After 90% capital returned that leaves 7 cents, give or take market movements last month. Why are people paying 10-12 cents and then having to wait for company to be wound up to get their 7 or 8 cents back?
Unfortunately I sold mine at 64 cum-capital return. -- My advice is free and worth every cent.
INE Price at posting:
9.5¢ Sentiment: Sell Disclosure: Not Held
