Appreciate the discussion Mowibble, thank you. Last thing I'll add is the independent assessment that stated 'not fair but reasonable' was based on existing products and patents. It did not project new product sales revenue.
While I understand what you're saying, I believe a strict cap needs to be placed on spending. I believe this will be achieved through independent debt (and the new directors). The debt to equity arrangement risks allowing cash burn to continue at an abnormally high rate.
That's enough from me. Cheers
Appreciate the discussion Mowibble, thank you. Last thing...
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6.2¢ |
Change
0.001(1.64%) |
Mkt cap ! $18.23M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.2¢ | 5.7¢ | $28.56K | 475.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46000 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 6814 | 1 |
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| Last trade - 12.31pm 06/06/2024 (20 minute delay) ? |
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6.0¢ |
Change
0.001 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 5.7¢ | 6.0¢ | 5.7¢ | 50647 | ||
| Last updated 12.17pm 06/06/2024 ? | |||||
| CDX (ASX) Chart |