Hello. OK. Let's list the red flags more accuracy (rather than freak out to your generalisations hysteria):
1. $3,813,369 convertible note (plus interest) remaining from the 30/6/23 balance sheet
2. $4,756,633 deferred acquisition payment on the 30/6/23 balance (not detailed in the 31/12/23 balance sheet notes).
3. $4,248,872 in operating cashflow for 31/12/23, which was chewed up by payment for property, plant and equipment ($1,204,616); payment to acquired entities ($1,851,882); lease liabilities ($1,762,631) and finance ($235,408); repayment of borrowings ($1,083,097).
4. So, despite its positive operating cash flow (which we must assume is ongoing) and even the probably non-compulsory repayment of borrowings, the impression is RPM was not able to use operating cash to repay $2M for a convertible note and $2M CAPEX for new capital investment in a tyre recycling plant.
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Last
6.7¢ |
Change
0.002(3.08%) |
Mkt cap ! $16.90M |
Open | High | Low | Value | Volume |
6.5¢ | 6.7¢ | 6.4¢ | $47.9K | 723.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55775 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 21802 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55775 | 0.065 |
1 | 202835 | 0.064 |
1 | 237726 | 0.063 |
1 | 160000 | 0.062 |
1 | 333222 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 21802 | 1 |
0.068 | 16000 | 1 |
0.069 | 1800 | 1 |
0.070 | 106230 | 1 |
0.072 | 216858 | 1 |
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