I would suspect that the $21m in the back could be used for two key factors.
1) Additional take-overs to secure further IP
2) Fund for companies onboarding with Spenda acting as debt/loan facility similar to the $2m issued previously
Regardless it is a strong position to be in financially, and I am comfortable no cap raising will be required as a result.
Ann: Appendix 4E and Annual Report to Shareholders, page-38
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $51.86K | 4.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1769587 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 9896491 | 13 |
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