SP,
the market cap was ~15mill yesterday.
now ~13.5mill
The company is already a penny dreadful - I dont know how much lower it can get. Bargain hunters will be looking at the MC and thinking this is too good to be true. Touche.
Looking at the MC, AAM could prove be the bargain of the century, but IMO, it's more likely that the issued capital will soon double via a placement and we'll see 5c. That's just my opinion.
IMO, they are seriously close to be not being a going concern. It is a matter of ASIC discretion. I do wonder whether today's events will be a tipping point. I surely hope not.
cheers
Split
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