Really huh? $2m in the bank with a quarterly burn of $700k. What if subscriber uptake is really slow to gain traction and revenue trickles in. The market just doesn't believe that revenue is going to come flying through the door after the 30 day trial period. If it plays out that way they will need capital, the market is telling you as much and isn't it interesting that the stock has fallen 20% since the quarterly. I'm not down-ramping at all by the way, far from it. That's just how I see it, cash burn is high compared to cash at hand.
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $4.921M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.7¢ | $1.645K | 35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2671 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 143085 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2671 | 0.042 |
2 | 212000 | 0.040 |
1 | 100000 | 0.035 |
1 | 93781 | 0.031 |
1 | 650000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 128085 | 1 |
0.110 | 52515 | 1 |
0.120 | 200271 | 2 |
0.125 | 26627 | 1 |
0.135 | 9524 | 1 |
Last trade - 13.34pm 12/07/2024 (20 minute delay) ? |
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FGL (ASX) Chart |