Wow. What an insane amount of dilution.
They are raising yet another round of capital as recently announced and also converting a serious amount of debt to equity.
This is killing existing holders of script.
The market cap will go from $7m to almost 3 times that so upon completion I estimate the share price should accurately reflect the current value at around 2-2.5 c
This still has some way to fall.
Management have been telling me for some time that they are close to break even but I just don’t see it before they run out of cash, for what..... the fifth time in its short life.
10x
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.351M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130418 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1500000 | 1 |
View Market Depth
| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
| AU1 (ASX) Chart |
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