Having put the ruler through ZIP's numbers today...
I expect cash to be around $1.8 mill at end of this quarter (following recent cash raise and no R&D income).
Market cap at current price is $2.7 mill (149,733,899 shares x 0.18 (using current price)).
On your reasoning, market values ZIP IP at 900k or share price will lower (further correct itself) on Monday.
Cash backing is at 1.2c per share.
Ann: Company Update, page-80
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.328M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 16126711 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12285248 | 16 |
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