I won't pretend I have a source - just my own opinion.
TEE has been found out - Investors realise there's no concrete long-term plan... its all wait and see at the moment. The business as it stands can't continue to exist - TEE needs to expand to generate the kinds of revenue that will see the company grow.
Yes we've all heard about acquisitions - who are they going to acquire? TEE currently has an $8.5 million market cap. They'll need to target companies worth a few million in a similar industry with clients where they can generate cross-market revenue streams. To do that they'll need to rely on the few Million Gesaf have provided to fund the purchases, and to fund the intergratation costs - will take between 6 & 24 months before the positives of any integration will be seen.
The biggest problem with this scenario is TEE have been around for years - they are in debt up to their ears (on top of the GESAF loan) and continue to generate multi million dollare losses year on year - they only have approx $3 Million left of funding to continue to run this costly business AND fund their 'intended' acquisitions. It's unfathomable they could do both these with only $3 million dollars.
Now you understand why everyone's selling.
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Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $8.616M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.9¢ | $4.017K | 40.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11666 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 25067 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11666 | 0.100 |
1 | 28111 | 0.099 |
1 | 5103 | 0.098 |
2 | 109278 | 0.097 |
2 | 105274 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 25067 | 2 |
0.110 | 31101 | 2 |
0.120 | 33333 | 1 |
0.130 | 4000 | 1 |
0.150 | 10000 | 1 |
Last trade - 14.06pm 27/09/2024 (20 minute delay) ? |
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