I agree it's not time to sell. I was doing some rough back of the envelope calculations of our balance sheet, and it looks to me like we have:
- Approx $5.5-6m in cash ($1.4m pre capital raise + 4.5m since the raise, presumably we have spent some on operations and the costs of the raise)
- shares in other companies worth some $6m
thats $12m right there out of our market cap of $15.5m. so somebody purchasing shares gets both the track concepts business and all the upside of our digital humans at a valuation of about $3.5m. Seems very cheap when the whole world is talking about the prospect of AI changing the global economy. (Someone tell me if I'm thinking about this wrong)
That all being said, I don't think it's unreasonable to question our comms strategy given we got to this low valuation during a time when other tech/AI companies went up big. Even Alflorithmic, which we own, I think doubled?
There's a lot to like and I certainly won't be selling. But there are also very reasonable questions to be asked.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.68M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $9.639K | 800K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 3913985 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 228846 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 3913985 | 0.012 |
7 | 1280450 | 0.011 |
8 | 2945857 | 0.010 |
3 | 1550000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 228846 | 3 |
0.014 | 1959207 | 7 |
0.015 | 509546 | 5 |
0.016 | 1281406 | 5 |
0.017 | 1812273 | 7 |
Last trade - 11.35am 26/06/2024 (20 minute delay) ? |
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