The coming cap raise is going to be awful. Cant believe they were amatuer enough to flag it in the Quarterly report. Muppets. Why would anyone buy ahead of this dilution?
Burnt money like crazy in March quarter
About $600k in cash left
Just hired 8 new senior staff in the Quarter on maybe avg $100k pa each but admin costs were already running at $860k a Quarter
A relatively huge marketing spend coming in next 12 months and likey zero return on that investment.
Yet they claim costs will be lower going forward. Laughable
I reckon it would be lucky to raise $1m at 1c with free options or another convertible.
What a lame duck.
1TT Company Summary, page-20
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Mkt cap ! $4.519M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $1.628K | 135.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1382365 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 60000 | 1 |
View Market Depth
| Last trade - 13.08pm 04/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.2¢ | 64314 | ||
| Last updated 13.08pm 04/06/2024 ? | |||||
| 1TT (ASX) Chart |