Dear Dustholders,
The SP is now too low to realistically raise much cash via a CR. Because of the severe dilution that would be required, it is likely that the offer price would have to be well below ten cents, which would mean that even more shares would have to be offered, which pushes down the offer price etc - a vicious circle. So a CR is not feasible except as a last resort to gain a few more weeks if no white knight appears on the scene to save the day as the ship finally goes down.
The company appears to have entered a make-it-or-break-it phase, which corresponds with the new CEO tending to not spend very long in each appointment. Death or glory, but she has a good deal so she will probably be well looked after whatever happens. The shareholders, on the other hand? Yes, death or glory, but unfortunately there is no safety net for dustholders.
SPL might get swallowed up for peanuts by a larger pharma, so staff would still have a job. I think that a takeover is the best hope for current gamblers, with Viraleze as another strong hope. Plus, there are always all the accumulated promises of umpteen deals. If just one DEP deal materialised then current gamblers will be winners, but the odds of this ever happening get longer with every passing day (or week, or year, or decade).
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9.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.39M |
Open | High | Low | Value | Volume |
9.2¢ | 9.3¢ | 9.1¢ | $176.4K | 1.915M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 439927 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 95900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 439927 | 0.092 |
2 | 71451 | 0.091 |
7 | 98853 | 0.090 |
3 | 114179 | 0.089 |
2 | 45464 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 95900 | 2 |
0.094 | 152000 | 2 |
0.095 | 32403 | 2 |
0.096 | 104177 | 1 |
0.098 | 11506 | 1 |
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