3 companies, all 3 have admin costs. 2 are capitalised correctly to fund their other activities, 1 isn't.
Unfortunately for the one that isn't, they, in addition to the admin and other expenses, have loss making operations. So, their cash exhausts more quickly. That company, Bounty recently fell $1.25M SHORT on a $1.5M cap raise. The cupboard is bare. The cookie jar is busted on the floor. The next BUY quarterly in a couple of weeks time will confirm this. What can they do? Maybe the BOD and the CEO can take scrip instead of cash and pray like hell that we win the PEP11 court case.
MMR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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