Amusing that no one acknowledged this or even gave it any thought.
Slice I definitely agree. The company is making 0 sales and simply burning through cash.
Interesting to note:
- Appendix 4C released on 31/7 predicted estimated cash outflow for the following quarter of $580k
- Next quarter appendix 4C released on 10/10 showed cash outflows for that very quarter were $893k (54% higher than they predicted)
The company clearly has no grasp on their expenditure, instead touting expo after expo that will bring their "tech" to the forefront. Why else would they be seeking to increase their Placement capacity in the upcoming shareholder meeting? Becoming glaringly obvious.
Coupled with the clear downward trend on the chart I wouldn't be surprised if <20c is seen.
CPV Chart Thread, page-4260
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Last
42.5¢ |
Change
0.010(2.41%) |
Mkt cap ! $103.3M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 42.0¢ | $8.899K | 21.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19920 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 170 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CPV (ASX) Chart |