just skimming over the results i know cash at bank as at june 30 was only $270k odd. then some options converted and a placement which gives them some more breathing space til next placement due.
the last quarter resulted in a burn of marginally under $1.4 mill on revenues of $315k. look at LUM's last balance sheet, it is far more impressive and LUM is valued at $3 million.
this stock might have a future but it imho it is 1-2 years away from being a viable entity, really needs a share consolidation and i just cant see how a market cap of any more than $20 million really is warranted.
then compare this to a company like CMP which has annual revenues close to $50 mill, is actually profitable, now has a product which can compete with RMD (which is capped in the billions) and yet CMP is only valued at just over $20 million. IMI was worth close to 4 times that much last night.
if you cant see the validity in what i am saying i think you are delusional.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5115824 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 16880000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5115824 | 0.005 |
15 | 10676378 | 0.004 |
5 | 7240009 | 0.003 |
4 | 13945024 | 0.002 |
4 | 2800999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 16880000 | 4 |
0.007 | 11680000 | 4 |
0.008 | 6267133 | 3 |
0.009 | 62500 | 1 |
0.011 | 81666 | 1 |
Last trade - 16.12pm 12/09/2024 (20 minute delay) ? |
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