I'd love to say yes but more likely the usual; in the current tough market the dwindling bank balance combined with it wasn't a hot IPO in the first place sent the share price into free fall. Sure, it went up a trickle initially but then constantly plummeted a short time thereafter.
Most of all, the market saw the cap raise coming. There's little escape from this.
The options will bring in more cash to shore up the short term. It seems like we could be in for a healthy run of news, too.
I posit this has the potential to draw big American money (obviously) and PO3 is a good example of how that can change a stock's fortunes in a moment.
If they execute on their expertise and get the smart exchange humming, the share price will naturally take care of itself and we won't need to sweat the charts.
Imho
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1355324 | 1.1¢ |
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Price($) | Vol. | No. |
---|---|---|
1.2¢ | 6165674 | 13 |
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22 | 11241614 | 0.010 |
6 | 1160555 | 0.009 |
3 | 350000 | 0.008 |
2 | 900000 | 0.007 |
Price($) | Vol. | No. |
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0.012 | 531421 | 5 |
0.013 | 2125784 | 9 |
0.014 | 1769053 | 9 |
0.015 | 1950000 | 4 |
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