They recently raised 80m some 3 months ago very successfully which paid off it's debts and left the company 45m in the bank. It's very unlikely they will go to the market again so soon for more money given the subscribers of the last cr are currently close to 70% poorer from that investment.
Another new low today @ 15.5c and closing in on the all-time record low of 15c from 2008.
Market cap now 112m, 40% of which is cash in the bank and the only market statement the company feels is necessary at this time of crisis is statements of directors performance rights for free shares.
Performance rights for directors .... how ironic
They must be all very busy at IVA HQ counting their free "performance rights" issued shares !!
bounce close at hand?, page-54
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