Hi All
I have had several members asking me why the matching volume share price has gone down. I want to answer this here so everyone can see.
The industry average for matching volume share price in a binary system is R1. In the beginning, the share value was R5! This happened because, at the time, most of the members only had one leg and so there were very few shares in the business. As members started building their team, the share price decreased. It is currently sitting at R1.30 (This is still very good in terms of industry averages).
I'm pretty sure it will drop a bit more over the coming months as the business settles down. This is to be expected and is not in any way a cause for alarm.
|