Trust mct...go check OBV Indicator...still big volume inside this stock...if this volume dump this stock,it can go to 20cents but they not dump it.they hold it
If it can close at 0.34 or 0.335 today then still got hope else may continue to drop tomorrow. I did see some operators slowly dump their units and mislead others like selling pressure is mild but in fact they are releasing their holdings gradually. If this company continue to make profit then most likely the price will revisit previous high in mid term. Up to now, seems like the existing operator is still dumping.
What ever is for me this counter will pull back before end of the month, 50-60 cent is my target. They must try to do something before end of date line for
To rectify the non-compliance with the Required Public Spread, the Company is exploring various options including:
a. Discussing with the Company’s major shareholders on the possibility of selling-down its shareholding to public shareholders;
b. Engaging with investment banks to identify potential public investors to increase public spread via a private placement; and
c. Intensifying communication with potential investors, analysts, research houses and shareholders to instil investor confidence and create better awareness and understanding of the Company’s business to increase take up of shares while retaining public shareholders in the Company.
It is the matter of being only one operator playing around and creating buyers and sellers, if you are very experienced in trading in the market you will know .. and good luck !
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thinkfirst
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Posted by thinkfirst > 2019-12-11 06:37 | Report Abuse
If price steady at 34 cent is good if not, difficult to said.