down ramping, are you joking me?
here is a fact for you, they currently have $1.223m in cash and will spend $730k next quarter. That will leave around $500k in cash. How are they going to pay their bills? with thin air?
MC of $9m with $500k in cash. Well you are welcome to buy as is anyone else but these guys will need to raise capital in the near future and they will have to do it below the current market price. therefore why would you buy now? if there is a magical investor willing to pay $0.50 in a cap raising then yes its good value but is there?
down ramping, its only fact.
greedygecko was that u today, page-4
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.776M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 23316190 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 869999 | 2 |
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| Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
| RDS (ASX) Chart |
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