@CLT1 sub 10c raise would be a disaster.
We currently have 200.4M shares on issue, 232M when fully diluted.
If we are burning cash at $4.8M per quarter, then add back R&D rebate (which comes in annually), therefore, say $4.0M per quarter annualised we will be diluting heavily.
If the current runway dries up in December 2018, assuming no revenue, you would think Jack will need another $20M.
That $20M at 10c is 200M shares.
Not good at all, I hope you a wrong @CLT1
Cheers
Mr.G
Jack in The Australian today - $$ to come, page-120
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $15.99M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.5¢ | $19.00K | 531.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 299117 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 500000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| TRI (ASX) Chart |