Hey Hawks,
Although I'm taking the flak, it was Covata who said they will need to Raise additional cash funding (refer to section 6b of their annual report). That's just a fact. It means they do not have enough money to get through to mid 2016.
It also notes they paid $4.6 Million to Sumatics and $1.4 Million to Asia Principle capital to get the Cisco deal, so I'm not sure paying $6 Million for a deal is considered "Landmark", but I'll leave that to the speculators. (Ref Page 8 annual report). What the report does show is that it created some nice bonuses for them, without hitting any revenue targets.
Hopefully they will release a Quarterly Cashflow statement for the July-Sept quarter showing growth in revenue for the period. This could clear up any disagreements, but I suspect people wont be happy with those facts either.
Good luck for the Hawks on Saturday.
Cheers
- Forums
- ASX - By Stock
- EXT
- CVT - Material uncertainty regarding continuation as a going concern
CVT - Material uncertainty regarding continuation as a going concern, page-36
Featured News
Add EXT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.22M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 8398000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 439058 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 8398000 | 0.010 |
7 | 5717366 | 0.009 |
9 | 5992440 | 0.008 |
7 | 3620863 | 0.007 |
2 | 452276 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 439058 | 1 |
0.012 | 8641691 | 8 |
0.013 | 4027200 | 5 |
0.014 | 1071428 | 2 |
0.015 | 1324179 | 2 |
Last trade - 16.12pm 09/09/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |
Day chart unavailable