$200k cash in the bank, another $250k owed by yatango (albeit being repaid very slowly) and another $140k from these notes - with the market cap still only $ 1million. Entire directors and management fees last year were only $200k.
Given the people behind this, its surely one of the cheapest shells going?
HotCopper and Google have the incorrect market cap, but if you look at the last 3B or even a morningstar report the 31 million shares and correct MC at $1 million:
Ann: Latitude Issues Convertible Notes, page-2
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Last
7.1¢ |
Change
-0.016(18.4%) |
Mkt cap ! $137.3M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 7.5¢ | 6.9¢ | $3.850M | 53.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2276746 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 951461 | 5 |
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| Last trade - 15.58pm 04/11/2024 (20 minute delay) ? |
| MEK (ASX) Chart |