Not enough to cover high overheads of a listed company. These guys never should have listed so early. Why on earth list a company so early in its growth profile with so little cash when its key strategy (other than rolling out probes) is to grow by acquiring other businesses to help it do so.
Just smacks of desperation to cash out early.
Stock is non-investable until they can adequately and credibly explain how not going to run out of cash within 12 months.
Good technology, good potential, but has no business being a listed business at this embryonic stage. Key IP holders (and new investors) have been done a great dis-service in listing so early and with such a meagre kitty.
Cap Raising hard to see being supported at these levels, and with recent SP track record.
What's the damn plan gents...?
IPO - CropLogic Limited, page-68
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.525M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 135127 | 1 |
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