Burns $550k and has 0.3 quarter in cash and expecting $500k from the current raise.
Even with the raise the company can’t continue as a going concern for 3 months.
The company has exhausted just about all its inventory. Last time they did this they raise $1mill for such.
growth plans as per its own admission need $2mill minimum.
Plus another 3 months of capital required for the future quarter.
Sales this past 3 months are potentially inflated from ’notmal’ due in o initial orders’ which exact same happened when Coles and Chemist Warehouse came onboard. Australia’s largest retailers not some no name distributors like present could never repeat this numbers by even 10% in future quarterly revenue.
Another cap raise and dilution imminent.![]()
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0.7¢ |
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Mkt cap ! $15.07M |
Open | High | Low | Value | Volume |
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View Market Depth
No. | Vol. | Price($) |
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21 | 8541998 | 0.006 |
13 | 12012824 | 0.005 |
8 | 17886969 | 0.004 |
2 | 16300000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6413227 | 12 |
0.009 | 11340468 | 15 |
0.010 | 5922462 | 14 |
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0.012 | 3752020 | 6 |
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