Stevey, just to fill in the time, if there was to be a capital raise based on the current price range they would probably be looking at around 1.2-1.5c.
IMHO a CR would kill the share price especially with end of financial year due.
Might also be hard to drag any big players in without any serious incentives as they'd still be dark at paying 7c last time.
But at this stage its purely speculation as a true reflection of the financial position won't be known until the quarterly comes out.
However we do know cash is being burnt faster than being generated, even with the forecast $0.5-1mill revenue.
Cheers and Friday beers
- Forums
- ASX - By Stock
- IOT
- Ann: PURCHASE ORDER UPDATE
Ann: PURCHASE ORDER UPDATE, page-35
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)