Rumour has it that Steve Carter has been doing the rounds over in Sydney trying get some desperately needed capital without much sucess. I think too many have been burnt in previous Colltech placements to dip their hands in their pockets again.
With no sales revenue, cash burn of about $700k per quarter, current sp of 1.5c and a market cap of about $2.5M, buyout would be a better proposition than giving current board and managers the money to feed off and waste!
capital raising
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Last
10.0¢ |
Change
0.001(1.01%) |
Mkt cap ! $57.58M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.8¢ | $36.92K | 370.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24014 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 66346 | 3 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| VIT (ASX) Chart |