Although the recent trading does look encouraging in all seriousness I have seen this happen before. Small rallies before a bigger downturn.
We are at a very critical juncture. If ever there was incentive for management to bring in $ it's right now. Once they start drawing down Lind it will be a never ending spiral downwards as Lind sell on market to capilise on their discount and return their loan.
I have seen this happen before with another stock (INT) which cost me a fortune. They were backed by a similar scavenger type funder from the U.S called La Jolla. They continually sold on market to take advantage of their discount which drove the stock price all the way down to .001c before finally going into administration.
I am worried that this will happen here. Lind will have the ability to make fast,easy money by selling on market and profiting from the difference between their discount and the market price. Is this the definition of a rigged market ?
As the late and great Hawthorn coach John Kennedy said " there comes a time in every game where you need to step up" That time for Doyle and his management team is right now. Otherwise Lind will cash in on the back of our demise.
Sentiment - Very Concerned
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Although the recent trading does look encouraging in all...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 566666 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 683870 | 0.003 |
19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
Last trade - 10.02am 08/11/2024 (20 minute delay) ? |
EMP (ASX) Chart |
Day chart unavailable