Post by
nodaytrader on Dec 23, 2021 12:05pm
The Market
What is this "market"? total trades on CSE today after 2 hours are 400 shares.
Typically, trading is mostly a few day traders playing with themselves and,IMHO, that's the problem - not Algernon nor the CSE nor investors. the company does have value - is has right of use patents on potential blockbuster treatments.
if there is even a chance that any of thee breakthroughs are successful, that chance has value, e.g. if there is. 50% chance of a billion dollar profit, the imputed value is half a billion dollars and that's the way potential buyers look at it.
Why is that value not reflected in the price? Again, IMHO, it's the day trading.